Vermont Real Estate Exam Practice Questions

# Vermont Real Estate Exam Practice Questions

The Vermont real estate exam consists of 110 questions — 80 national and 30 state-specific — administered by PSI. You need a 75% score on each section: 60 of 80 national and 23 of 30 state. Vermont has one of the smaller state sections among all PSI exams, but do not underestimate it — the questions are specific and Vermont's land use laws are unique.

National Section Sample Questions

Q: A property sells for $400,000 with a 6% commission. The listing broker and selling broker split the commission equally. The listing agent receives 55% of the listing broker's share. What does the listing agent earn? A) $6,600 B) $12,000 C) $13,200 D) $24,000

Answer: A. Total commission = 400,000 x 0.06 = $24,000. Each brokerage share = $12,000. Listing agent = 12,000 x 0.55 = $6,600.

Q: Which of the following is an example of an appurtenant easement? A) A utility company's right to run power lines across a property B) A neighbor's right to use a driveway crossing an adjacent parcel to reach a public road C) A temporary right granted to a construction crew D) A landlord's right to enter leased premises

Answer: B. An appurtenant easement runs with the land and benefits an adjacent parcel (dominant estate) by burdening another parcel (servient estate). The neighbor's driveway right is a classic example.

State Section Sample Questions

Q: Vermont's Act 250 primarily regulates: A) Property transfer taxes B) Large-scale land development and its environmental impact C) Condominium association governance D) Manufactured housing siting

Answer: B. Vermont Land Use and Development Law (Act 250) requires permits for significant development projects. Licensees must understand when Act 250 applies and how to disclose it to buyers.

Q: Vermont's property transfer tax is: A) 0.5% on all transactions B) 1.25% on most transfers, with a reduced rate of 0.5% on the first $100,000 for qualified buyer-occupied property C) 2% on all transactions over $500,000 D) None — Vermont has no property transfer tax

Answer: B. Vermont charges 1.25% transfer tax with a reduced 0.5% rate on the first $100,000 for buyer-occupied residential property. This is a commonly tested state-specific fact.

Q: The Vermont Real Estate Commission (VREC) is composed of how many members? A) 5 B) 7 C) 9 D) 11

Answer: B. VREC has 7 members and oversees Vermont real estate licensees under 26 V.S.A. Chapter 41.

Study Notes

Vermont's exam has only 30 state questions, so each one carries greater weight. Prioritize Act 250, the property transfer tax, current use (Use Value Appraisal) program, and VREC disciplinary rules.