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VANED NATIONAL REAL ESTATE EXAM 2025
BRAND NEW ACTUAL EXAM WITH 100%
VERIFIED QUESTIONS AND CORRECT
SOLUTIONS| GUARANTEED VALUE PACK| ACE
YOUR GRADES.
1. Agent Jim listed a property and then decided he wanted to buy
it. He wanted to get paid so he had his wife buy it in her name
and took the full commission. Was this appropriate? - correct
answer - He violated his fiduciary duty of disclosure to seller
2. Aaron wants to have Broker Ben list his home but he thinks his
neighbor may be interested in buying the property. Which
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contract should Ben use to allow Aaron not pay Ben a
commission if his neighbor buys it? - correct answer - Exclusive
Agency Listing Contract
3. Landlord Joe rented an apartment to Bill, and the lease expired
in December. They agree orally to allow Bill to stay. What is the
appropriate amount of time for either party to terminate their
arrangement? - correct answer - 30 days
4. The managing broker can be held responsible for - correct
answer - All real estate activities of salespersons
5. A salesperson lists a property with a contract that allows for
subagency and dual agency. The salesperson is
________________. - correct answer - An agent to the
principal and a subagent to the managing broker
6. Which of the following events would AUTOMATICALLY cancel
a listing agreement? - correct answer - Property owner's death
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7. The escrow officer or closing agent MUST give information
regarding the sales price and seller's social security number to
the __________. - correct answer - IRS
8. When comparing or analyzing a CMA, all these factors are
taken into consideration EXCEPT ________. - correct answer -
Accrued depreciation
9. The managing broker can be held responsible for
_______________. - correct answer - All real estate related
activities of salespersons or brokers
10. Dave is purchasing an old gas station which he intends to
turn into a flower shop. His lender will most likely ask for
_____________. - correct answer - A Phase 1 environmental
assessment with a visual inspection and neighbor interviews
11. A 17 year old signs a contract. The contract is ________ by
the other party. - correct answer - Unenforceable
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12. Your client asks you, his agent, for advice on tax matters.
You should _____. - correct answer - Tell him that this is
outside your scope of excellence
13. If the interest for 4 months on a loan of $80,000 is $3,200,
what is the annual interest rate? - correct answer - 12%
14. A house has a market value of $110,000. The assessed
value is 30% of the market value. If the mill levy is 52 mills,
what is the yearly tax on the house? - correct answer - $1,716
15. A broker's assistant was filing paperwork for her boss for a
transaction. The broker asked the assistant what type of loan
the buyer got since the buyer received a Certificate of
Reasonable value. The loan type was _______. - correct
answer - VA
16. The Lead-Based Paint Disclosure Rule _______ the seller,
landlord, or their representative to pay for a lead inspection or
to cure the existence of lead if found in the housing unit. -
correct answer - Does not require
VANED NATIONAL REAL ESTATE EXAM 2025
BRAND NEW ACTUAL EXAM WITH 100%
VERIFIED QUESTIONS AND CORRECT
SOLUTIONS| GUARANTEED VALUE PACK| ACE
YOUR GRADES.
1. Agent Jim listed a property and then decided he wanted to buy
it. He wanted to get paid so he had his wife buy it in her name
and took the full commission. Was this appropriate? - correct
answer - He violated his fiduciary duty of disclosure to seller
2. Aaron wants to have Broker Ben list his home but he thinks his
neighbor may be interested in buying the property. Which
, Page | 2
contract should Ben use to allow Aaron not pay Ben a
commission if his neighbor buys it? - correct answer - Exclusive
Agency Listing Contract
3. Landlord Joe rented an apartment to Bill, and the lease expired
in December. They agree orally to allow Bill to stay. What is the
appropriate amount of time for either party to terminate their
arrangement? - correct answer - 30 days
4. The managing broker can be held responsible for - correct
answer - All real estate activities of salespersons
5. A salesperson lists a property with a contract that allows for
subagency and dual agency. The salesperson is
________________. - correct answer - An agent to the
principal and a subagent to the managing broker
6. Which of the following events would AUTOMATICALLY cancel
a listing agreement? - correct answer - Property owner's death
, Page | 3
7. The escrow officer or closing agent MUST give information
regarding the sales price and seller's social security number to
the __________. - correct answer - IRS
8. When comparing or analyzing a CMA, all these factors are
taken into consideration EXCEPT ________. - correct answer -
Accrued depreciation
9. The managing broker can be held responsible for
_______________. - correct answer - All real estate related
activities of salespersons or brokers
10. Dave is purchasing an old gas station which he intends to
turn into a flower shop. His lender will most likely ask for
_____________. - correct answer - A Phase 1 environmental
assessment with a visual inspection and neighbor interviews
11. A 17 year old signs a contract. The contract is ________ by
the other party. - correct answer - Unenforceable
, Page | 4
12. Your client asks you, his agent, for advice on tax matters.
You should _____. - correct answer - Tell him that this is
outside your scope of excellence
13. If the interest for 4 months on a loan of $80,000 is $3,200,
what is the annual interest rate? - correct answer - 12%
14. A house has a market value of $110,000. The assessed
value is 30% of the market value. If the mill levy is 52 mills,
what is the yearly tax on the house? - correct answer - $1,716
15. A broker's assistant was filing paperwork for her boss for a
transaction. The broker asked the assistant what type of loan
the buyer got since the buyer received a Certificate of
Reasonable value. The loan type was _______. - correct
answer - VA
16. The Lead-Based Paint Disclosure Rule _______ the seller,
landlord, or their representative to pay for a lead inspection or
to cure the existence of lead if found in the housing unit. -
correct answer - Does not require
