VANED NATIONAL REAL ESTATE EXAM newest actual 2025/2026
with complete QUESTIONS and Answers verified/graded A+
GUARANTEED.
Question: Which deed would a seller use if he warrants that he
owns the property and has had no title problems during his
period of ownership but makes no warranty against defects
existing before the time of his or her ownership? - --Answers---
A special warranty deed
Question: What type of loan would require the borrower to make
smaller monthly payments but a larger payoff at end of term? - -
-Answers---Balloon loan
Question: Buyer Dan wants to purchase 1695 Argon St. for
$230,000 with 15% down and the interest rate is 8%. The lender
could reduce the interest rate to 7 ¾% if he paid 3 discount
points. How much will Dan have to bring to closing? - --
Answers---$40,365
Question: Broker Jane is working with Buyer Bob to purchase a
home but has no signed agency agreement. Under the general
law of agency this is _________. - --Answers---Implied agency
,Question: Can the seller offer the listing agent a $500 bonus
after closing? - --Answers---Yes, but it has to be made out of
the brokerage
Question: According to the Truth¬in¬Lending Act, if any "trigger
terms" are used in an ad, all of the following disclosures MUST
appear in the ad EXCEPT the ________. - --Answers---
Prepayment penalties and rebates
Question: Why was the Jones vs. Mayer decision of 1968
important? - --Answers---By upholding the Civil Rights Act of
1866, the Supreme Court removed all exceptions to racial
discrimination in housing
Question: The Clean Air Act - --Answers---Requires state plans
to include land use and other controls necessary to achieve and
maintain the federal ambient air quality standards.
Question: Broker James and Broker Laura agree in a phone call
to each take listings on their respective sides of a creek that
divides the Creekside Neighborhood. - --Answers---This is
market or customer-allocation and is a violation of the Sherman
Act.
Question: HUD and EPA require the disclosure of known
information on lead-based paint and lead-based paint hazards
,before the sale or lease of _____. - --Answers---Most housing
built before 1978
Question: Before ratification of a contract for housing sale or
lease, sellers and landlords must do all the following except
_______. - --Answers---Sellers must provide homebuyers a 30-
day period to conduct a paint inspection or risk assessment for
lead-based paint or lead-based paint hazards.
Question: When a Counterproposal is used _________ - --
Answers---The counterproposal must be signed by both the
seller and buyer
Question: A counterproposal _______________. - --Answers---
Terminates the original offer
Question: A property has a net operating income of $24,000.00
per year, and 8% is an appropriate capitalization rate. If the value
of the land is $115,000.00, how much of the value is attributable
to the building? - --Answers---$185,000
Question: Sellers and/or brokers are NOT required to disclose - -
-Answers---. That all federal loans require the borrower to sign
a notice entitled "The Importance of a Home Inspection
, Question: The means of a government to take private property for
public use is known as - --Answers---. Condemnation
Question: To remove a nuisance, a property owner would bring
an action for - --Answers---
- --Answers---. Abatement
Question: An attorney-in-fact violated fiduciary duty in - --
Answers---. Purchasing the principal's property
Question: A person who is responsible to another only as to
results would be a(n) - --Answers---
- --Answers---. Independent contractor
Question: A building was torn down leaving items classified as
personal property. The act was one of - --Answers---.
Severance
Question: A couple writes an offer to purchase a home. The
seller writes a counter offer. Without responding to the counter
offer, the buyers find another house they like more and they
write an offer on that home which is accepted. Which of the
with complete QUESTIONS and Answers verified/graded A+
GUARANTEED.
Question: Which deed would a seller use if he warrants that he
owns the property and has had no title problems during his
period of ownership but makes no warranty against defects
existing before the time of his or her ownership? - --Answers---
A special warranty deed
Question: What type of loan would require the borrower to make
smaller monthly payments but a larger payoff at end of term? - -
-Answers---Balloon loan
Question: Buyer Dan wants to purchase 1695 Argon St. for
$230,000 with 15% down and the interest rate is 8%. The lender
could reduce the interest rate to 7 ¾% if he paid 3 discount
points. How much will Dan have to bring to closing? - --
Answers---$40,365
Question: Broker Jane is working with Buyer Bob to purchase a
home but has no signed agency agreement. Under the general
law of agency this is _________. - --Answers---Implied agency
,Question: Can the seller offer the listing agent a $500 bonus
after closing? - --Answers---Yes, but it has to be made out of
the brokerage
Question: According to the Truth¬in¬Lending Act, if any "trigger
terms" are used in an ad, all of the following disclosures MUST
appear in the ad EXCEPT the ________. - --Answers---
Prepayment penalties and rebates
Question: Why was the Jones vs. Mayer decision of 1968
important? - --Answers---By upholding the Civil Rights Act of
1866, the Supreme Court removed all exceptions to racial
discrimination in housing
Question: The Clean Air Act - --Answers---Requires state plans
to include land use and other controls necessary to achieve and
maintain the federal ambient air quality standards.
Question: Broker James and Broker Laura agree in a phone call
to each take listings on their respective sides of a creek that
divides the Creekside Neighborhood. - --Answers---This is
market or customer-allocation and is a violation of the Sherman
Act.
Question: HUD and EPA require the disclosure of known
information on lead-based paint and lead-based paint hazards
,before the sale or lease of _____. - --Answers---Most housing
built before 1978
Question: Before ratification of a contract for housing sale or
lease, sellers and landlords must do all the following except
_______. - --Answers---Sellers must provide homebuyers a 30-
day period to conduct a paint inspection or risk assessment for
lead-based paint or lead-based paint hazards.
Question: When a Counterproposal is used _________ - --
Answers---The counterproposal must be signed by both the
seller and buyer
Question: A counterproposal _______________. - --Answers---
Terminates the original offer
Question: A property has a net operating income of $24,000.00
per year, and 8% is an appropriate capitalization rate. If the value
of the land is $115,000.00, how much of the value is attributable
to the building? - --Answers---$185,000
Question: Sellers and/or brokers are NOT required to disclose - -
-Answers---. That all federal loans require the borrower to sign
a notice entitled "The Importance of a Home Inspection
, Question: The means of a government to take private property for
public use is known as - --Answers---. Condemnation
Question: To remove a nuisance, a property owner would bring
an action for - --Answers---
- --Answers---. Abatement
Question: An attorney-in-fact violated fiduciary duty in - --
Answers---. Purchasing the principal's property
Question: A person who is responsible to another only as to
results would be a(n) - --Answers---
- --Answers---. Independent contractor
Question: A building was torn down leaving items classified as
personal property. The act was one of - --Answers---.
Severance
Question: A couple writes an offer to purchase a home. The
seller writes a counter offer. Without responding to the counter
offer, the buyers find another house they like more and they
write an offer on that home which is accepted. Which of the
