VTRES Vermont Real Estate Salesperson - Set 1 - Part 3

Test your knowledge of technical writing concepts with these practice questions. Each question includes detailed explanations to help you understand the correct answers.

Question 41: A Colchester landlord wants to enter an occupied rental to make a non-emergency repair and asks a licensee how much advance notice Vermont law requires him to give the tenant before entering. How many hours of notice does the rental statute require?

Twenty-four hours

Seventy-two hours

Forty-eight hours

Twelve hours

Question 42: A landlord in Essex asks a licensee whether Vermont's residential rental statute limits how large a security deposit he may collect from a new tenant, as some states cap it at one month's rent. What does Vermont's security-deposit statute provide about a maximum?

One month's rent maximum

Two months' rent maximum

One and a half months maximum

It sets no maximum cap

Question 43: After opening a new client trust account at a Montpelier bank, a principal broker must inform the Real Estate Commission that the account exists. Counting from when the account is established, how long does Vermont's statute give the broker to provide that notification?

Ten days

Five days

Fifteen days

Thirty days

Question 44: While reviewing fair-housing basics, a new agent notes that the federal Fair Housing Act protects a fixed number of classes, which Vermont then expands upon. How many protected classes does the federal Fair Housing Act itself enumerate, before Vermont's additions?

Fifteen protected classes

Five protected classes

Seven protected classes

Nine protected classes

Question 45: A principal broker in Bennington accepts an earnest-money check on a Monday for a farmhouse purchase. She wants to comply with Vermont's trust-account statute when placing it in the trust account. Which timing standard governs how quickly she must deposit those funds?

Within five calendar days

Within five banking days

By the next business day

Within thirty days

Question 46: A principal broker in South Burlington assumes that because the firm maintains the pooled client trust account and does the bookkeeping, the firm may keep the interest that pooled account generates. Why is that assumption wrong under Vermont law?

Interest belongs to the client

Interest belongs to each licensee

Interest must stay in the account

Interest belongs to the VHFA

Question 47: An owner lives in one unit of a small Winooski building she owns and rents the remaining units herself without a broker. She asks how many total units the building may contain to qualify for Vermont's owner-occupied fair-housing exemption. What is the ceiling?

Four or fewer units

Three or fewer units

Two or fewer units

Five or fewer units

Question 48: After experiencing what she believes is discriminatory treatment by a Montpelier landlord, a prospective renter wants to enforce her fair-housing rights through a private civil lawsuit. In which Vermont court does the fair-housing statute authorize her to bring that action?

The Environmental Division

The Human Rights Commission

Small claims court only

The Superior Court

Question 49: After a buyer's offer on a Stowe ski condominium is accepted, the principal broker receives the earnest-money check to hold in trust. Within how many banking days of receipt does Vermont's trust-account statute require the broker to deposit those funds?

Three banking days

Ten banking days

Five banking days

Two banking days

Question 50: A Burlington landlord asks a licensee how many protected classes the state fair-housing act covers, having heard the federal law lists seven. The licensee explains that Vermont's list is notably broader than the federal one. How many protected grounds does Vermont recognize?

Fifteen protected grounds

Seven protected grounds

Nine protected grounds

Twelve protected grounds

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