Vermont Real Estate Salesperson and Broker
Licensing Exam Practice Test QUESTIONS AND
CORRECT ANSWERS (VERIFIED ANSWERS) PLUS
RATIONALES 2025
1. What is the primary purpose of the Real Estate Commission in
Vermont?
A. To represent real estate licensees
B. To protect the public interest
C. To issue mortgage licenses
D. To promote real estate advertising
• The Commission’s role is to protect the public through regulation and
oversight of real estate licensees.
2. In Vermont, a salesperson must work under the supervision of:
A. Another salesperson
B. An attorney
C. A licensed broker
D. A home inspector
,• Salespersons cannot practice independently and must be supervised by
a broker.
3. The legal concept that gives a buyer the right to terminate a contract if
the seller fails to disclose material facts is:
A. Caveat emptor
B. Estoppel
C. Rescission
D. Novation
• Rescission allows a party to cancel the contract due to
misrepresentation or omission of material facts.
4. Which of the following is required to obtain a Vermont real estate
salesperson license?
A. Be at least 16 years old
B. Complete 40 hours of approved pre-licensing education
C. Have a sponsoring attorney
D. Be a U.S. citizen
• Vermont requires 40 hours of approved education before taking the
licensing exam.
5. Which of the following must be included in a Vermont exclusive listing
agreement?
A. The number of showings per week
B. The buyer’s financing details
, C. A definite expiration date
D. The closing attorney's name
• All exclusive listings must include a clear expiration date per Vermont
law.
6. In Vermont, how often must real estate licenses be renewed?
A. Every year
B. Every five years
C. Every two years
D. Every three years
• Licensees must renew every two years and complete continuing
education.
7. The Vermont Real Estate Commission consists of:
A. 5 members
B. 7 members
C. 6 members
D. 10 members
• The Commission is made up of 6 members: 3 licensees and 3 public
members.
8. What is the required continuing education for license renewal in
Vermont?
A. 24 hours, all legal
B. 8 hours of national ethics
, C. 16 hours including 4 hours of mandatory topics
D. No continuing education required
• Licensees must complete 16 hours, including 4 hours in mandatory
subjects like ethics and laws.
9. What kind of agency relationship is created when a broker represents
both the buyer and the seller in the same transaction?
A. Open agency
B. Designated agency
C. Dual agency
D. Single agency
• Dual agency occurs when one broker represents both parties with their
informed written consent.
10. In Vermont, which of the following must be disclosed to a
prospective buyer?
A. The seller’s marital status
B. Known lead-based paint hazards
C. Buyer’s employment history
D. Age of all appliances
• Federal and Vermont law require disclosure of any known lead-based
paint hazards for properties built before 1978.
11. When must agency disclosure be made in Vermont?
A. At the first open house
Licensing Exam Practice Test QUESTIONS AND
CORRECT ANSWERS (VERIFIED ANSWERS) PLUS
RATIONALES 2025
1. What is the primary purpose of the Real Estate Commission in
Vermont?
A. To represent real estate licensees
B. To protect the public interest
C. To issue mortgage licenses
D. To promote real estate advertising
• The Commission’s role is to protect the public through regulation and
oversight of real estate licensees.
2. In Vermont, a salesperson must work under the supervision of:
A. Another salesperson
B. An attorney
C. A licensed broker
D. A home inspector
,• Salespersons cannot practice independently and must be supervised by
a broker.
3. The legal concept that gives a buyer the right to terminate a contract if
the seller fails to disclose material facts is:
A. Caveat emptor
B. Estoppel
C. Rescission
D. Novation
• Rescission allows a party to cancel the contract due to
misrepresentation or omission of material facts.
4. Which of the following is required to obtain a Vermont real estate
salesperson license?
A. Be at least 16 years old
B. Complete 40 hours of approved pre-licensing education
C. Have a sponsoring attorney
D. Be a U.S. citizen
• Vermont requires 40 hours of approved education before taking the
licensing exam.
5. Which of the following must be included in a Vermont exclusive listing
agreement?
A. The number of showings per week
B. The buyer’s financing details
, C. A definite expiration date
D. The closing attorney's name
• All exclusive listings must include a clear expiration date per Vermont
law.
6. In Vermont, how often must real estate licenses be renewed?
A. Every year
B. Every five years
C. Every two years
D. Every three years
• Licensees must renew every two years and complete continuing
education.
7. The Vermont Real Estate Commission consists of:
A. 5 members
B. 7 members
C. 6 members
D. 10 members
• The Commission is made up of 6 members: 3 licensees and 3 public
members.
8. What is the required continuing education for license renewal in
Vermont?
A. 24 hours, all legal
B. 8 hours of national ethics
, C. 16 hours including 4 hours of mandatory topics
D. No continuing education required
• Licensees must complete 16 hours, including 4 hours in mandatory
subjects like ethics and laws.
9. What kind of agency relationship is created when a broker represents
both the buyer and the seller in the same transaction?
A. Open agency
B. Designated agency
C. Dual agency
D. Single agency
• Dual agency occurs when one broker represents both parties with their
informed written consent.
10. In Vermont, which of the following must be disclosed to a
prospective buyer?
A. The seller’s marital status
B. Known lead-based paint hazards
C. Buyer’s employment history
D. Age of all appliances
• Federal and Vermont law require disclosure of any known lead-based
paint hazards for properties built before 1978.
11. When must agency disclosure be made in Vermont?
A. At the first open house
