- The PSI national exam has 95-100 items: 90 scored (100 points) plus 5-10 unscored, in 150 minutes.
- You need 75 of 100 points to pass; some scored questions are worth up to two points.
- Contracts carries the heaviest weight at 19%, followed by Agency at 13% and Practice of Real Estate at 12%.
- Vermont's state law exam is separate, taken through the OPR online license application, not part of the PSI weighting.
Quick-Reference Numbers
Before you dive into a full study plan, memorize the numbers that govern the Vermont Real Estate Broker Exam. These are the mechanical facts that trip up otherwise well-prepared candidates on test day simply because they weren't reviewed one last time. If you want the long-form breakdown behind each figure, the VTREB Study Guide 2026 walks through the reasoning; this page is the condensed version you skim the night before.
- Administering body: PSI delivers the computer-based national examination on behalf of the Vermont Real Estate Commission, housed within the Office of Professional Regulation.
- Exam fee: $110 paid to PSI for the national exam.
- Question count: 95-100 total items - 90 scored questions worth 100 points, plus 5-10 unscored experimental questions you can't identify during the test.
- Time limit: 150 minutes.
- Passing score: 75 out of 100 points.
- Question style: multiple-choice and scenario-based best-answer items; some scored questions are worth up to two points, not just one.
- Materials allowed: none - closed book, and handheld calculators are prohibited.
- Testing options: a PSI test center or remote online proctoring.
Domain Weight Cheat Sheet
The PSI national outline splits the exam into 11 domains. Weight allocation should directly drive how many hours you spend on each topic - spending equal time on every domain is one of the fastest ways to underperform. For a full content walkthrough of each area, see the VTREB Exam Domains 2026 guide.
| Domain | Weight | Priority Level |
|---|---|---|
| Contracts | 19% | Highest |
| Agency | 13% | High |
| Practice of Real Estate | 12% | High |
| Property Ownership | 10% | Medium-High |
| Financing | 9% | Medium-High |
| Valuation | 8% | Medium |
| Property Disclosures | 7% | Medium |
| Transfer of Title | 6% | Medium |
| Real Estate Calculations | 6% | Medium |
| Land Use Controls | 5% | Lower |
| Property Management | 5% | Lower |
Notice that Contracts, Agency, and Practice of Real Estate together account for 44% of the scored content - nearly half the exam lives in just three domains. That's the core of any efficient VTREB review strategy.
Contracts (19%) - The Domain That Decides Your Score
As the single largest domain, Contracts deserves disproportionate review time. Candidates must understand formation, contingencies, and remedies well enough to apply them to scenario-based questions, not just recall definitions.
- Elements required for a valid contract and what voids or voids-ability means in practice
- Listing agreements, buyer representation agreements, and purchase contracts
- Contingencies, addenda, and how breach/remedy scenarios are tested
Registration & Eligibility at a Glance
The path to sitting for the exam has fixed checkpoints. Miss one and your registration or application stalls. If you're still confirming you qualify, the full VTREB Requirements 2026 article covers documentation in detail - here's the condensed checklist:
- Complete a 40-hour approved broker prelicensing course before applying.
- Pass both the national exam and the state law exam within the two years before applying for the broker license.
- Document at least two years as a licensed salesperson.
- Show eight separate and unrelated closed transactions completed as a salesperson.
- Renew the broker license every two years with 24 hours of continuing education.
Key Takeaway
Schedule your PSI exam only after confirming your transaction count and salesperson tenure - both the national exam and state law exam must fall within the two-year window before your application, so timing matters as much as content mastery.
Exam Format & Testing Rules
Format questions are just as commonly mismanaged as content questions. Here's what actually happens in the testing room, whether that room is a PSI center or your home office via remote proctoring.
- Closed book: no notes, reference sheets, or outside materials.
- No calculators: handheld calculators are prohibited - any calculation-heavy questions in the Real Estate Calculations domain must be worked mentally or with any on-screen tool PSI provides.
- Unscored items are invisible: 5-10 of the 95-100 questions are experimental and unscored, but you cannot tell which ones - treat every question as if it counts.
- Point-weighted questions: some scored questions are worth up to two points rather than one, so a handful of items carry more weight than others even though they look identical on screen.
- 150-minute clock: pace yourself against roughly 100 questions in 150 minutes - that's about 1.5 minutes per item, though scenario-based questions will eat more time than straightforward recall items.
For a deeper dive into exactly how the 75-point threshold is calculated against the 100 available points, read VTREB Passing Score 2026. And if you're wondering how tough this really feels in practice, How Hard Is the VTREB Exam? breaks down the difficulty factors beyond raw numbers.
High-Yield Topics by Domain
Rather than re-reading every domain equally, use this as a targeting guide for your final review pass.
Agency (13%)
Fiduciary duties, disclosed dual agency scenarios, and how agency relationships are created and terminated are the backbone of this domain's scenario questions.
- Types of agency relationships and when duties attach
- Disclosure obligations at first substantive contact
Practice of Real Estate (12%)
This domain tests day-to-day licensee conduct - advertising rules, trust account handling, and license law compliance scenarios that mirror real brokerage situations.
- Escrow and trust fund handling
- Advertising and fair housing compliance in daily practice
Property Ownership (10%)
Estates, interests, and forms of ownership show up as both direct-recall and applied questions involving co-ownership disputes or encumbrances.
- Freehold vs. leasehold estates
- Easements, liens, and encumbrances
Financing (9%)
Expect scenario questions on loan types, qualifying ratios, and the mechanics of the closing process from a lending perspective.
- Conventional vs. government-backed loan features
- Basic amortization and payment structure concepts
Real Estate Calculations (6%)
Small weight, but every point counts toward the 75-point threshold. Because calculators are prohibited, practice arithmetic by hand until it's automatic.
- Prorations for taxes and closing costs
- Commission splits and simple interest calculations
For the remaining domains - Valuation, Property Disclosures, Transfer of Title, Land Use Controls, and Property Management - treat each as a focused half-day review rather than a full week; their combined weight is meaningful but individually smaller than the top four.
Final-Week Review Schedule
If you've already completed a full study cycle (see the complete plan in the VTREB Study Guide), use this last stretch to reinforce weighted domains rather than start new material.
Contracts & Agency Deep Review
- Redo every practice question missed on Contracts and Agency
- Drill scenario-based best-answer logic, not just definitions
Practice of Real Estate & Property Ownership
- Review license law and trust account rules
- Rework estate and encumbrance scenario questions
Financing, Calculations & Remaining Domains
- Practice prorations and commission math by hand, no calculator
- Skim Valuation, Disclosures, Transfer of Title, Land Use Controls, and Property Management
Full-Length Simulation
- Take a timed 150-minute practice run at full question volume
- Confirm you're pacing near 1.5 minutes per question
You can run that full-length simulation using timed practice sets on the main VTREB practice test platform, which mirrors the 90 scored plus experimental-item structure you'll see on the actual PSI exam.
Common Mix-Ups Candidates Make
A cheat sheet is only useful if it corrects the mistakes people actually make. These are the recurring errors seen among candidates preparing for this specific exam:
- Confusing the two exams. Studying Contracts and Agency content for the state law exam wastes time - Vermont's law exam is a separate OPR online process, outside the PSI domain weighting entirely.
- Assuming every question is worth one point. Because some scored questions are worth up to two points, treating all items as equal can distort your self-assessment of practice test scores.
- Bringing a calculator mentality. Since handheld calculators are prohibited, candidates who haven't drilled manual proration and commission math lose easy points in the Real Estate Calculations domain.
- Ignoring the unscored questions. You cannot identify which 5-10 items are experimental, so skipping or rushing questions that "feel odd" is risky - answer everything as if it counts.
- Underestimating transaction documentation. The eight separate and unrelated closed transactions requirement is often assembled at the last minute; start gathering records early, well before your two-year salesperson tenure ends.
Once you're licensed, it's worth understanding where this credential actually leads. Brokerages, independent teams, and property management firms across Vermont hire licensed brokers who've completed this exact pathway. If you're weighing whether the time investment pays off, the ROI analysis and salary guide both dig into that question using only verifiable figures rather than guesswork.
FAQ
The exam delivers 95-100 items total: 90 scored questions worth 100 points and 5-10 unscored experimental questions. You need 75 of the 100 scored points to pass.
No. The 11 domains and their weights belong to the PSI national exam. Vermont's separate state law examination is completed through the OPR online license application and is not included in that weighting.
No. The PSI exam is closed book and handheld calculators are prohibited, even for the Real Estate Calculations domain. Practice proration and commission math by hand.
Contracts, at 19%, is the single largest domain and should get the most review time, followed by Agency at 13% and Practice of Real Estate at 12%.
You can take the PSI exam at a physical PSI test center or through remote online proctoring, giving you flexibility in how and where you sit for the 150-minute exam.