The present invention provides a method for transmitting and receiving a signal for device-to-device (D2D) communication and an apparatus therefor, which are used in a wireless access system supporting D2D communication. A method for a device transmitting and receiving a signal according to one aspect of the present invention may comprise the steps of: identifying signals that are scheduled for a particular subframe configured for D2D transmission and reception; determining whether the scheduled signals overlap; and transmitting the scheduled signals on the basis of a pre-determined priority if the scheduled signals overlap. To this end, the priority may be determined based on the type of signal. More preferably, the priority may be determined in the order of a synchronization signal, a D2D communication signal and a D2D discovery signal.