10 exam-style questions with answers and explanations, straight from our 1,030-question bank. Tap an answer to check yourself. When you're ready, take the scored version in the free practice test.
The VTRESP exam has 110 questions and runs 2 hours 30 minutes.
These 10 free VTRESP questions are organized by exam domain, so you can see how each part of the Vermont Real Estate Salesperson Exam blueprint is tested. Reveal the answer and explanation under each question.
A bakery tenant installs a commercial mixer by bolting it to the floor. Before the lease expires, the tenant removes the mixer and repairs the floor; the lease is silent about the equipment. Which classification is most accurate?
Correct answer: A - A trade fixture, generally removable before lease end if the tenant repairs the damage
An apartment building has potential gross income of $144,000, vacancy and collection loss of $7,200, laundry income of $3,600, operating expenses of $46,400, and annual debt service of $28,000. If the market capitalization rate is 8%, what value is indicated by direct capitalization?
Correct answer: B - $1,175,000
A borrower receives the Closing Disclosure three business days before consummation. The next day, the seller credit increases by $1,500, while the APR remains accurate, the loan product is unchanged, and no prepayment penalty is added. Under TRID, what is required?
Correct answer: A - Issue a corrected Closing Disclosure; no new three-business-day wait is required for this change alone
A seller receives two offers at the same time: $515,000 with financing, a home-sale contingency, and a 45-day closing; and $500,000 cash with no home-sale contingency and a 14-day closing. After both offers are presented, the seller chooses the cash offer. What should the listing salesperson do?
Correct answer: C - Follow the seller's lawful decision and proceed with the selected cash offer
A seller counters a buyer's offer by changing the price. The buyer signs the seller's counteroffer but changes the closing date before returning it. What is the legal effect of the buyer's change?
Correct answer: B - The buyer made a new counteroffer; no contract exists unless the seller accepts it
An unrepresented buyer asks the listing salesperson, "The seller will not make repairs. Should I waive the inspection contingency so my offer is stronger?" The salesperson knows of no undisclosed defect. Which response best respects the salesperson's duties?
Correct answer: D - Explain the contingency without recommending a bargaining choice, and suggest independent advice
An owner signs an exclusive-agency listing. During the listing term, the owner personally finds a buyer without assistance from the brokerage, and the sale closes. Under the standard distinction among listing types, what is the usual commission result?
Correct answer: A - The brokerage generally is not owed the listing commission
A residential radon test reports 5.2 pCi/L. Which interpretation and response are most accurate?
Correct answer: C - EPA recommends mitigation at 4 pCi/L or higher using a qualified mitigation professional
Thirty minutes before closing, a buyer receives an email displaying the title company's logo but sent from a newly registered domain. It changes the wiring instructions, names a different bank, and urges the buyer not to call because the closing is urgent. What should the salesperson urge the buyer to do first?
Correct answer: D - Do not wire; verify the change through a known phone number or in person
An applicant for a no-pet apartment requests an emotional-support animal. The disability and the disability-related need are not obvious, and the applicant has not yet provided supporting information. What is the housing provider's best next step?
Correct answer: D - Request reliable disability-related need information; if granted, impose no pet fee or deposit
The VTRESP exam also covers these domains. Drill them in the full free practice test:
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