US Real Estate Vermont Test 7

Real Estate » Category

Author: TestGru Team (Education Specialist)

20 questions · All questions on one page

Prepared with up-to-date content

Real Estate — Vermont Professional (Real Estate, USA) USA — Vermont State Real Estate License — USA

What is this test? for Real Estate Salesperson/Broker prep, USA (national + state law) — Professional (Real Estate, USA) level, USA — Vermont.
For adults preparing for Real Estate license in the USA
Section: Real Estate — Vermont · Education: Professional (Adult) · Part: Real Estate — Vermont · Country: USA · Region: USA — Vermont

Finance and real estate acumen covers markets, valuation, contracts, and budget management.

This test is designed to reinforce core concepts and help you succeed on your exams.

By solving this test of 20 questions, you can both test your knowledge and identify the topics you need to improve.

Question 1

What is a warranty deed?

A) guarantees clear title

B) quitclaim

C) lease

D) option

Question 2

Which agency licenses agents in Vermont?

A) IRS

B) State Bar

C) Medical Board

D) Vermont Real Estate Commission

Question 3

What is a listing agreement?

A) lease

B) contract to sell a property

C) deed

D) purchase offer

Question 4

What is earnest money?

A) buyer good-faith deposit

B) fee

C) tax

D) commission

Question 5

What is a fiduciary duty?

A) profit first

B) loyalty, obedience, care to client

C) secrecy from client

D) dual profit

Question 6

What is dual agency?

A) one broker representing both sides

B) no representation

C) buyer only

D) two brokers

Question 7

What is a quitclaim deed?

A) full warranty

B) transfers whatever interest exists

C) loan

D) lease

Question 8

What is the Fair Housing Act?

A) tax law

B) building code

C) bans housing discrimination

D) zoning code

Question 9

What classes are protected in housing?

A) politics

B) race, color, religion, sex, handicap, family, national origin

C) age only

D) income

Question 10

What is redlining?

A) mapping

B) surveying

C) appraising

D) illegal denial by neighborhood

Question 11

What is steering?

A) showing homes

B) advertising

C) guiding buyers by race (illegal)

D) negotiating

Question 12

What is a CMA?

A) survey

B) appraisal

C) comparative market analysis

D) inspection

Question 13

What is an appraisal?

A) professional value opinion

B) offer

C) inspection

D) listing

Question 14

What is title insurance?

A) life insurance

B) flood policy

C) protects against title defects

D) home warranty

Question 15

What are the three appraisal approaches?

A) offer, accept, record

B) show, stage, sell

C) list, sell, close

D) sales comparison, cost, income

Question 16

What is PITI?

A) a loan type

B) a deed

C) principal, interest, taxes, insurance

D) a tax

Question 17

What is LTV?

A) lease term value

B) listing traffic volume

C) land title verification

D) loan-to-value ratio

Question 18

What is PMI?

A) flood insurance

B) insurance for low down payments

C) title insurance

D) property tax

Question 19

What is escrow?

A) tax

B) down payment

C) neutral third-party holding

D) commission

Question 20

What is a deed?

A) loan paper

B) offer

C) ownership transfer document

D) lease

US Real Estate Vermont Test 7

Test Complete

About This Test