VTRES - Vermont Real Estate Salesperson

Question 1: A Vermont broker asks the office to record a transfer of her active licence, and separately a colleague asks to move his licence to inactive status. The fee statute charges different small amounts for these two actions. Which pairing of the two fees is correct?

Twenty-five dollars and ten dollars

Ten dollars and ten dollars

Twenty-five dollars and twenty-five dollars

Ten dollars and twenty-five dollars

Question 2: A regional trainer who teaches in several states tells a Vermont class that brokers and salespersons carry the same continuing-education total, with brokers often needing less because they are experienced. Which statement BEST corrects this for Vermont's continuing-education renewal rule?

Both need the same total

Salespersons need more than brokers

Brokers need more, not the same

Only brokers owe continuing education

Question 3: A Newport salesperson has four closed sales for the same developer on adjacent lots plus four closings for different clients, all within two years, and asks whether she qualifies for a broker's licence. Which statement BEST evaluates her eligibility under the transaction requirement?

Related deals may not all count

She qualifies with eight closings

Four years of experience is required

Any eight closings always suffice

Question 4: Two associates in a Colchester office want to share a single real estate licence between them to save on fees, each acting under it at different times. Under Vermont's general provisions, how many persons may one licence authorize to act?

Any two named associates

Everyone in the office

Two under one principal broker

Only one person

Question 5: At the close of the registration cycle, an established brokerage firm in Essex must renew its firm registration, paying the biennial renewal fee the statute fixes for a firm or branch office. What is that biennial firm registration renewal fee in Vermont?

Four hundred dollars

Two hundred dollars

Two hundred twenty dollars

Eight hundred dollars

Question 6: A new real estate firm opening an office in South Burlington must register as a brokerage firm and pay the registration fee the statute assigns to that action. What amount does Vermont's fee schedule set for an initial brokerage firm registration?

One hundred dollars

Four hundred dollars

Two hundred dollars

Two hundred twenty dollars

Question 7: When a Vermont broker or salesperson renews the licence at the end of the two-year cycle, the fee statute charges a specific biennial renewal amount, distinct from the original application fee. What is the biennial licence renewal fee for an individual licensee?

One hundred dollars

Four hundred dollars

Two hundred dollars

Two hundred twenty dollars

Question 8: Within the continuing education a Vermont licensee completes each renewal period, the statute reserves a specific portion for instruction on legislation and other subjects the Commission designates. How many of the continuing-education hours must cover those mandated topics each cycle?

Two hours

Six hours

Four hours

Eight hours

Question 9: To be eligible for a broker's licence in Vermont, a salesperson must show experience satisfactory to the Commission over a set period and must also have handled a specific minimum number of separate and unrelated closed transactions. Which combination states both requirements correctly?

Two years and eight transactions

Four years and eight transactions

Two years and five transactions

Two years and ten transactions

Question 10: Two statutes list unprofessional-conduct grounds a Vermont real estate licensee might face: one is short and industry-specific, the other long and common to all regulated professions. A candidate must not confuse them. Which pairing correctly assigns each section to its list?

2296 general; 129a specific

2213 specific; 129a general

2296 specific; 127 general

2296 specific; 129a general

Question 11: An instructor lists three reinstatement numbers and asks which pairing correctly matches each figure to its role in the ladder. Only one option lines up the flat reapplication charge, the recurring monthly amount, and the overall ceiling correctly. Which pairing is right?

Forty, one hundred, fifteen hundred

One hundred, forty, fifteen hundred

One hundred, forty, five thousand

Forty, one hundred, five thousand

Question 12: Once the Vermont Real Estate Commission exists, a separate section sets out what the body may do, such as adopting rules and administering the licensing scheme it oversees. A candidate should know which section grants the Commission its powers and duties. Which section is that?

26 V.S.A. § 2251

26 V.S.A. § 2296

3 V.S.A. § 127

26 V.S.A. § 2252

Question 13: Vermont regulates many licensed professions through a single, general list of unprofessional-conduct grounds that applies broadly across occupations, distinct from the short real estate list in Title 26. In which statute does that general, profession-wide list of grounds actually appear?

3 V.S.A. § 129a

26 V.S.A. § 2296

26 V.S.A. § 2213

3 V.S.A. § 127

Question 14: A candidate learns that the reapplication fee, the monthly charge, and the overall ceiling for reinstating a lapsed Vermont licence all come from one statute, the same one that carries the fine and imprisonment penalties. Which statute holds both the penalties and the reinstatement ladder?

26 V.S.A. § 2213

3 V.S.A. § 129a

3 V.S.A. § 127

26 V.S.A. § 2296

Question 15: The general reinstatement provision does not let the monthly charges grow without limit; it fixes a maximum total that a lapsed Vermont licensee can be required to pay to reinstate. Knowing that ceiling is exactly the sort of figure this open-book exam tests. What is the ceiling?

Five thousand dollars

One thousand dollars

Five hundred dollars

Fifteen hundred dollars

Question 16: Continuing to budget for reinstatement, a lapsed Vermont licensee sees that the general provision adds a recurring charge for each month the credential has been unrenewed, on top of the flat reapplication fee. What is that recurring monthly amount in the reinstatement ladder?

One hundred dollars a month

Ten dollars a month

Forty dollars a month

Twenty-five dollars a month

Question 17: In a Vermont sale, the licensee represents the seller, and the buyer walks in unrepresented. The buyer asks what he is owed. Which statement best describes the duty a Vermont licensee owes an unrepresented buyer who is a customer, not a client?

Full fiduciary loyalty

Honesty and fair dealing

Neutral facilitation of the deal

Confidentiality of his offer

Question 18: At the listing appointment, a prospective Stowe seller states plainly that he will never permit disclosure of a specific known material defect. The licensee has not yet signed the listing. Given the client-refusal rule, what is the appropriate step before taking the engagement?

Decline to take the listing

Take it and disclose anyway

Take it and honor the refusal

Take it pending the broker's approval

Question 19: A national brokerage entering the Essex market wants to offer clients a transaction-broker option alongside full agency, marketing it as a lower-duty choice. Before adopting that menu in Vermont, what must the brokerage understand about offering a transaction-broker option here?

It may be offered with disclosure

It may be offered to sellers

It is the preferred option

It cannot be offered at all

Question 20: A Manchester firm keeps its original agency disclosure on file and assumes it never needs revisiting. A supervising broker cautions that Vermont's rules expect the disclosure to be refreshed during a lengthy relationship. What is the purpose behind requiring re-disclosure over time?

To restart the commission calculation

To keep the client currently informed

To satisfy an annual Commission filing

To convert the client to designated

VTRES Vermont Real Estate Salesperson - Set 1 - Part 1

Question 1: A Vermont broker asks the office to record a transfer of her active licence, and separately a colleague asks to move his licence to inactive status. The fee statute charges different small amounts for these two actions. Which pairing of the two fees is correct?

Question 3: A Newport salesperson has four closed sales for the same developer on adjacent lots plus four closings for different clients, all within two years, and asks whether she qualifies for a broker's licence. Which statement BEST evaluates her eligibility under the transaction requirement?

Question 4: Two associates in a Colchester office want to share a single real estate licence between them to save on fees, each acting under it at different times. Under Vermont's general provisions, how many persons may one licence authorize to act?

Question 5: At the close of the registration cycle, an established brokerage firm in Essex must renew its firm registration, paying the biennial renewal fee the statute fixes for a firm or branch office. What is that biennial firm registration renewal fee in Vermont?

Question 6: A new real estate firm opening an office in South Burlington must register as a brokerage firm and pay the registration fee the statute assigns to that action. What amount does Vermont's fee schedule set for an initial brokerage firm registration?

Question 7: When a Vermont broker or salesperson renews the licence at the end of the two-year cycle, the fee statute charges a specific biennial renewal amount, distinct from the original application fee. What is the biennial licence renewal fee for an individual licensee?

Question 8: Within the continuing education a Vermont licensee completes each renewal period, the statute reserves a specific portion for instruction on legislation and other subjects the Commission designates. How many of the continuing-education hours must cover those mandated topics each cycle?

Question 9: To be eligible for a broker's licence in Vermont, a salesperson must show experience satisfactory to the Commission over a set period and must also have handled a specific minimum number of separate and unrelated closed transactions. Which combination states both requirements correctly?

Question 10: Two statutes list unprofessional-conduct grounds a Vermont real estate licensee might face: one is short and industry-specific, the other long and common to all regulated professions. A candidate must not confuse them. Which pairing correctly assigns each section to its list?

Question 11: An instructor lists three reinstatement numbers and asks which pairing correctly matches each figure to its role in the ladder. Only one option lines up the flat reapplication charge, the recurring monthly amount, and the overall ceiling correctly. Which pairing is right?

Question 12: Once the Vermont Real Estate Commission exists, a separate section sets out what the body may do, such as adopting rules and administering the licensing scheme it oversees. A candidate should know which section grants the Commission its powers and duties. Which section is that?

Question 15: The general reinstatement provision does not let the monthly charges grow without limit; it fixes a maximum total that a lapsed Vermont licensee can be required to pay to reinstate. Knowing that ceiling is exactly the sort of figure this open-book exam tests. What is the ceiling?

Question 16: Continuing to budget for reinstatement, a lapsed Vermont licensee sees that the general provision adds a recurring charge for each month the credential has been unrenewed, on top of the flat reapplication fee. What is that recurring monthly amount in the reinstatement ladder?

Question 17: In a Vermont sale, the licensee represents the seller, and the buyer walks in unrepresented. The buyer asks what he is owed. Which statement best describes the duty a Vermont licensee owes an unrepresented buyer who is a customer, not a client?

Question 18: At the listing appointment, a prospective Stowe seller states plainly that he will never permit disclosure of a specific known material defect. The licensee has not yet signed the listing. Given the client-refusal rule, what is the appropriate step before taking the engagement?

Question 19: A national brokerage entering the Essex market wants to offer clients a transaction-broker option alongside full agency, marketing it as a lower-duty choice. Before adopting that menu in Vermont, what must the brokerage understand about offering a transaction-broker option here?

Question 20: A Manchester firm keeps its original agency disclosure on file and assumes it never needs revisiting. A supervising broker cautions that Vermont's rules expect the disclosure to be refreshed during a lengthy relationship. What is the purpose behind requiring re-disclosure over time?

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