Free Real Estate Salesperson Examination #1 Practice Questions

Sample Practice Questions

Try these 10 sample questions from the Real Estate Salesperson Examination #1 practice bank. Each includes the answer and explanation. Continue with the interactive practice above to review the full question set.

1. 1Which interest is excluded from the Chapter 41 definition of real estate in Vermont?

   1. A. A freehold estate
   2. B. An incorporeal interest in land
   3. C. A leasehold
   4. D. A nonfreehold estate other than a leasehold

   Answer: C

   Explanation: Section 2211(a)(3) defines real estate as interests or estates in land "excepting leaseholds." A leasehold is therefore excluded.

   Reference: Vermont Laws — 26 V.S.A. § 2211(a)(3)

2. 2A Vermont homeowner who was never a brokerage client wants to report a salesperson's conduct to OPR. Who may file the complaint?

   1. A. Any person
   2. B. Only a current or former client
   3. C. Only a party to the transaction
   4. D. Only the salesperson's principal broker

   Answer: A

   Explanation: Rule 1.7(a) says, "Any person may make a complaint against a broker or salesperson." The homeowner may therefore file even without a client relationship.

   Reference: Adminstrative Rules for Wastewater System and Potable Water Supply Designers — Rule 1.7(a), page 4

3. 3What is the maximum total area for a Vermont real-estate sale sign, counting panel and frame?

   1. A. Four square feet
   2. B. Five square feet
   3. C. Six square feet
   4. D. Eight square feet

   Answer: C

   Explanation: 10 V.S.A. § 493(2) provides that a sale sign "shall not have an area of more than six square feet, including the panel and the frame." Six square feet is the cap.

   Reference: 10 Vsa 493 — 10 V.S.A. § 493(2)

4. 4A transaction concerns only a mineral estate and no surface interest. How does Vermont Chapter 41 classify that interest?

   1. A. As real estate only when located in Vermont
   2. B. As real estate only when sold with extraction rights
   3. C. As real estate whenever compensation is paid
   4. D. As excluded from the chapter's real-estate definition

   Answer: D

   Explanation: Section 2211(a)(3) says the definition "nor shall it include any other mineral leasehold, mineral estate, or mineral interest of any nature whatsoever." The mineral estate is excluded.

   Reference: Vermont Laws — 26 V.S.A. § 2211(a)(3)

5. 5Which membership breakdown matches the seven-member Vermont Real Estate Commission?

   1. A. Four brokers, one salesperson, and two public members
   2. B. Three brokers, one salesperson, one attorney, and two public members
   3. C. Three brokers, two attorneys, and two public members
   4. D. Two brokers, two salespersons, one attorney, and two public members

   Answer: B

   Explanation: Rule 1.3 states that the Commission has seven members, "including three licensed brokers, one licensed salesperson, one attorney, and two public members." That is the required membership breakdown.

   Reference: Adminstrative Rules for Wastewater System and Potable Water Supply Designers — Rule 1.3, page 3

6. 6May a broker attach a small 'sale pending' rider to an otherwise compliant Vermont for-sale sign?

   1. A. Yes, if the combined area stays under six square feet
   2. B. Yes, after the seller signs written permission
   3. C. Yes, if the property is residential
   4. D. No; attached riders with that message are not permitted

   Answer: D

   Explanation: 10 V.S.A. § 493(2) says that attached signs bearing sale-status messages "shall not be permitted." The sale-pending rider is prohibited.

   Reference: 10 Vsa 493 — 10 V.S.A. § 493(2)

7. 7An individual repeatedly negotiates sales of other people's Vermont land for expected commissions. Which fact pattern places the activity within the statutory broker definition?

   1. A. Acting for another, for expected compensation, in a continuing course of conduct
   2. B. Acting only once for a family member without compensation
   3. C. Selling solely the individual's own property
   4. D. Giving unpaid general market commentary without a transaction

   Answer: A

   Explanation: Section 2211(a)(4) covers a person who, "for another, for a fee, commission, salary, or other consideration" engages in listed acts by a continuing course of conduct. Those elements are present.

   Reference: Vermont Laws — 26 V.S.A. § 2211(a)(4)

8. 8A licensee checks the required size of Vermont's Real Estate Commission. How many members does the Commission have?

   1. A. Five
   2. B. Six
   3. C. Seven
   4. D. Nine

   Answer: C

   Explanation: Rule 1.3 provides, "The Commission is composed of seven members." Seven is the required total.

   Reference: Adminstrative Rules for Wastewater System and Potable Water Supply Designers — Rule 1.3, page 3

9. 9A brokerage's unlicensed receptionist answers a public inquiry. What must the receptionist do to remain within Vermont's statutory allowance?

   1. A. Quote an estimated market value approved by the broker
   2. B. State that the receptionist is unlicensed and that a licensee should confirm the information
   3. C. Limit the conversation to people already represented by the firm
   4. D. Obtain written permission from the Commission before answering

   Answer: B

   Explanation: Section 2211(a)(4)(G) allows the response only if the employee "makes it clear that he or she is not licensed and that any information provided should be confirmed by a licensed person." Both disclosures are required.

   Reference: Vermont Laws — 26 V.S.A. § 2211(a)(4)(G)

10. 10An urgent Commission matter arises between regular meetings. Who may call a special or emergency meeting under the Vermont rule?

    1. A. The Office director acting alone
    2. B. Any single Commission member
    3. C. Three public members acting together
    4. D. The chair or two Commission members

    Answer: D

    Explanation: Rule 1.4 says, "The chair or two of the members may call a special or emergency meeting." The stated callers are therefore the chair or two members.

    Reference: Adminstrative Rules for Wastewater System and Potable Water Supply Designers — Rule 1.4, page 3