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Real Estate Salesperson Exam — National Portion

Exemptions (VT): practice questions

Our Real Estate (National) bank has 3 questions on this topic. Here are 3 of them with answers; the full mock exam draws from every topic, like the real one.

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Question 1 · Vermont

Who is NOT treated as a broker under Vermont's real estate chapter?

  1. A person who only leases real estate or advertises a leasing business
  2. A person who sells options on land for others for a fee
  3. A person paid to procure prospects for land sales
  4. A person who negotiates land exchanges for others for pay
Show the answer

A. A person who only leases real estate or advertises a leasing business — 26 V.S.A. 2211(a)(4) and (b)(8).

Question 2 · Vermont

When is an auctioneer selling Vermont real estate exempt from broker licensing?

  1. When the sale is advertised as a bona fide public auction
  2. When the auction is held on the property itself
  3. When the property sells for less than its assessed value
  4. When the auctioneer is paid a flat fee rather than a percentage
Show the answer

A. When the sale is advertised as a bona fide public auction — 26 V.S.A. 2211(b)(3).

Question 3 · Vermont

Under the Commission's rules, which activity does NOT require a Vermont real estate license?

  1. Dealing in options on real estate for others for pay
  2. Negotiating a land sale for a friend in exchange for a gift card
  3. Advertising oneself as being in the business of selling land
  4. Offering a business for sale without also offering any real property
Show the answer

D. Offering a business for sale without also offering any real property — Vt. Real Estate Comm'n Rule 2.1(c)(2); 26 V.S.A. 2211.

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