VANED NATIONAL REAL ESTATE EXAM NEWEST ACTUAL
2025/2026 QUESTIONS WITH ANSWERS A+ GUARANTEED.
Question: Sellers must - ---Answers----all known lead-based
paint. Disclose
Question: A major reason for buying and owning a
condominium rather than a detached, single-family home
would be - ---Answers----. A condominium tends to be more
affordable
Question: Lucky Joe lists his $750,000 luxury home with you
on Thursday, via a signed listing agreement. You prepare
advertising, schedule an open house for the next Sunday, and
start contacting potential purchasers. Lucky Joe dies the very
next Saturday night. Which of the following most accurately
describes your agency? - ---Answers----The agency
automatically terminates due to the death of the principal.
Question: Scenario A John and Mary Apton list their home for
$152,000. There is an appurtenant easement to access a large
lake which is deeded.A coal-fired power plant is slated to open
5 miles from the property next year. An Environmental Impact
Statement is due on March 7.Agent Pacheco presents an offer
to the Aptons. It is a land contract for $142,000 with an 8%
interest rate due and payable in 10 years. It is accepted. The
offer is contingent on the Environmental Impact
,results.Closing is for June 1. Taxes are $3,040, commission is
6.5% (buyer's agent commission is 2.8%), taxes and insurance
are $675, and the recording fee is $25. The Environmental
Impact Statement showed the value of the property would not
be impacted. Use a banker's calendar. Seller is responsible for
the day of closing. With the information given in the scenario,
what amount will the buyer need to bring to closing? - ---
Answers----$700 ($675 + $25)
Question: Scenario A - ---Answers----
John and Mary Apton list their home for $152,000. There is an
appurtenant easement to access a large lake which is deeded.
A coal-fired power plant is slated to open 5 miles from the
property next year. An Environmental Impact Statement is due
on March 7.Agent Pacheco presents an offer to the Aptons. It
is a land contract for $142,000 with an 8% interest rate due and
payable in 10 years. It is accepted. The offer is contingent on
the Environmental Impact results.Closing is for June 1. Taxes
are $3,040, commission is 6.5% (buyer's agent commission is
2.8%), taxes and insurance are $675, and the recording fee is
$25The Environmental Impact Statement showed the value of
the property would not be impacted. Use a banker's calendar.
Seller is responsible for the day of closing.How does the HUD-
1 reflect the buyer's tax liability? - ---Answers----Buyer debit
$0
Question: Scenario A John and Mary Apton list their home for
$152,000. There is an appurtenant easement to access a large
lake which is deeded. A coal-fired power plant is slated to
open 5 miles from the property next year. An Environmental
,Impact Statement is due on March 7. Agent Pacheco presents
an offer to the Aptons. It is a land contract for $142,000 with an
8% interest rate due and payable in 10 years. It is accepted. The
offer is contingent on the Environmental Impact results.
Closing is for June 1. Taxes are $3,040, commission is 6.5%
(buyer's agent commission is 2.8%), taxes and insurance are
$675, and the recording fee is $25. The Environmental Impact
Statement showed the value of the property would not be
impacted. Use a banker's calendar. Seller is responsible for
the day of closing. How does the HUD-1 reflect the seller's tax
liability? - ---Answers----Seller debit $1,275; Buyer credit
$1,275
Question: Scenario F Joan and Dave Farson of Springfield sign
a listing agreement with broker Ann for a 3 month period. They
agree to list their home for $335,000. They list the refrigerator
and washer and dryer as exclusions. The property is
encumbered by an easement allowing access to the home
behind.Taxes for last year in the amount of $2,656 have been
paid on Jan 25. The Avilla's agent presents a contract for
$332,000 which is accepted. Closing is scheduled for August
15. The Farsons agree to a nonrefundable escrow of $3,000 for
the buyers. If they do not vacate the property by August 15,
they agree to pay the buyers $55 for every day after that.
Closing is rescheduled for August 18.The Avilla's father will be
inspecting the property.The buyer's intention is to operate a
day care on the property and they do not yet know if this will
be allowed by local zoning laws. Use a 365 day calendar,
actual days in the month - ---Answers----Seller debit $1,673;
Buyer credit $1,673
, Question: Scenario F Joan and Dave Farson of Springfield sign
a listing agreement with broker Ann for a 3-month period.
They agree to list their home for $335,000. They list the
refrigerator and washer and dryer as exclusions.The property
is encumbered by an easement allowing access to the home
behind.Taxes for last year in the amount of $2,656 have been
paid on Jan 25.The Avilla's agent presents a contract for
$332,000 which is accepted. Closing is scheduled for August
15. The Farsons agree to a nonrefundable escrow of $3,000 for
the buyers. If they do not vacate the property by August 15,
they agree to pay the buyers $55 for every day after that.
Closing is rescheduled for August 18.The Avilla's father will be
inspecting the property.The buyer's intention is to operate a
day care on the property, and they do not yet know if this will
be allowed to under local zoning laws.Use a 365 day calendar,
actual days in the m - ---Answers----Buyer debit $0
Question: Scenario F Joan and Dave Farson of Springfield sign
a listing agreement with broker Ann for a 3-month period.
They agree to list their home for $335,000. They list the
refrigerator and washer and dryer as exclusions. The property
is encumbered by an easement allowing access to the home
behind. Taxes for last year in the amount of $2,656 have been
paid on Jan 25. The Avilla's agent presents a contract for
$332,000 which is accepted. Closing is scheduled for August
15. The Farsons agree to a nonrefundable escrow of $3,000 for
the buyers. If they do not vacate the property by August 15,
they agree to pay the buyers $55 for every day after that.
Closing is rescheduled for August 18. The Avilla's father will be
inspecting the property. The buyer's intention is to operate a
day care on the property, and they do not yet know if this will
be allowed by local zoning laws. Use a 365 day calendar,
2025/2026 QUESTIONS WITH ANSWERS A+ GUARANTEED.
Question: Sellers must - ---Answers----all known lead-based
paint. Disclose
Question: A major reason for buying and owning a
condominium rather than a detached, single-family home
would be - ---Answers----. A condominium tends to be more
affordable
Question: Lucky Joe lists his $750,000 luxury home with you
on Thursday, via a signed listing agreement. You prepare
advertising, schedule an open house for the next Sunday, and
start contacting potential purchasers. Lucky Joe dies the very
next Saturday night. Which of the following most accurately
describes your agency? - ---Answers----The agency
automatically terminates due to the death of the principal.
Question: Scenario A John and Mary Apton list their home for
$152,000. There is an appurtenant easement to access a large
lake which is deeded.A coal-fired power plant is slated to open
5 miles from the property next year. An Environmental Impact
Statement is due on March 7.Agent Pacheco presents an offer
to the Aptons. It is a land contract for $142,000 with an 8%
interest rate due and payable in 10 years. It is accepted. The
offer is contingent on the Environmental Impact
,results.Closing is for June 1. Taxes are $3,040, commission is
6.5% (buyer's agent commission is 2.8%), taxes and insurance
are $675, and the recording fee is $25. The Environmental
Impact Statement showed the value of the property would not
be impacted. Use a banker's calendar. Seller is responsible for
the day of closing. With the information given in the scenario,
what amount will the buyer need to bring to closing? - ---
Answers----$700 ($675 + $25)
Question: Scenario A - ---Answers----
John and Mary Apton list their home for $152,000. There is an
appurtenant easement to access a large lake which is deeded.
A coal-fired power plant is slated to open 5 miles from the
property next year. An Environmental Impact Statement is due
on March 7.Agent Pacheco presents an offer to the Aptons. It
is a land contract for $142,000 with an 8% interest rate due and
payable in 10 years. It is accepted. The offer is contingent on
the Environmental Impact results.Closing is for June 1. Taxes
are $3,040, commission is 6.5% (buyer's agent commission is
2.8%), taxes and insurance are $675, and the recording fee is
$25The Environmental Impact Statement showed the value of
the property would not be impacted. Use a banker's calendar.
Seller is responsible for the day of closing.How does the HUD-
1 reflect the buyer's tax liability? - ---Answers----Buyer debit
$0
Question: Scenario A John and Mary Apton list their home for
$152,000. There is an appurtenant easement to access a large
lake which is deeded. A coal-fired power plant is slated to
open 5 miles from the property next year. An Environmental
,Impact Statement is due on March 7. Agent Pacheco presents
an offer to the Aptons. It is a land contract for $142,000 with an
8% interest rate due and payable in 10 years. It is accepted. The
offer is contingent on the Environmental Impact results.
Closing is for June 1. Taxes are $3,040, commission is 6.5%
(buyer's agent commission is 2.8%), taxes and insurance are
$675, and the recording fee is $25. The Environmental Impact
Statement showed the value of the property would not be
impacted. Use a banker's calendar. Seller is responsible for
the day of closing. How does the HUD-1 reflect the seller's tax
liability? - ---Answers----Seller debit $1,275; Buyer credit
$1,275
Question: Scenario F Joan and Dave Farson of Springfield sign
a listing agreement with broker Ann for a 3 month period. They
agree to list their home for $335,000. They list the refrigerator
and washer and dryer as exclusions. The property is
encumbered by an easement allowing access to the home
behind.Taxes for last year in the amount of $2,656 have been
paid on Jan 25. The Avilla's agent presents a contract for
$332,000 which is accepted. Closing is scheduled for August
15. The Farsons agree to a nonrefundable escrow of $3,000 for
the buyers. If they do not vacate the property by August 15,
they agree to pay the buyers $55 for every day after that.
Closing is rescheduled for August 18.The Avilla's father will be
inspecting the property.The buyer's intention is to operate a
day care on the property and they do not yet know if this will
be allowed by local zoning laws. Use a 365 day calendar,
actual days in the month - ---Answers----Seller debit $1,673;
Buyer credit $1,673
, Question: Scenario F Joan and Dave Farson of Springfield sign
a listing agreement with broker Ann for a 3-month period.
They agree to list their home for $335,000. They list the
refrigerator and washer and dryer as exclusions.The property
is encumbered by an easement allowing access to the home
behind.Taxes for last year in the amount of $2,656 have been
paid on Jan 25.The Avilla's agent presents a contract for
$332,000 which is accepted. Closing is scheduled for August
15. The Farsons agree to a nonrefundable escrow of $3,000 for
the buyers. If they do not vacate the property by August 15,
they agree to pay the buyers $55 for every day after that.
Closing is rescheduled for August 18.The Avilla's father will be
inspecting the property.The buyer's intention is to operate a
day care on the property, and they do not yet know if this will
be allowed to under local zoning laws.Use a 365 day calendar,
actual days in the m - ---Answers----Buyer debit $0
Question: Scenario F Joan and Dave Farson of Springfield sign
a listing agreement with broker Ann for a 3-month period.
They agree to list their home for $335,000. They list the
refrigerator and washer and dryer as exclusions. The property
is encumbered by an easement allowing access to the home
behind. Taxes for last year in the amount of $2,656 have been
paid on Jan 25. The Avilla's agent presents a contract for
$332,000 which is accepted. Closing is scheduled for August
15. The Farsons agree to a nonrefundable escrow of $3,000 for
the buyers. If they do not vacate the property by August 15,
they agree to pay the buyers $55 for every day after that.
Closing is rescheduled for August 18. The Avilla's father will be
inspecting the property. The buyer's intention is to operate a
day care on the property, and they do not yet know if this will
be allowed by local zoning laws. Use a 365 day calendar,
