Vermont Real Estate Salesperson Exam — All Questions
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Real estate salespersons in Vermont are licensed and regulated by:
- a.The Vermont Association of Realtors
- b.The Vermont Real Estate Commission, within the Office of Professional Regulation✓
- c.The Vermont Department of Taxes
- d.The town clerk where the property sits
The Vermont Real Estate Commission, within the Office of Professional Regulation (OPR) under the Secretary of State, licenses and disciplines brokers and salespersons under 26 V.S.A. Chapter 41. A trade association is a private membership group and does not issue licenses.
In Vermont, a licensed salesperson may conduct real estate brokerage:
- a.Independently after the license issues
- b.For any broker willing to share a fee
- c.Only in affiliation with and under the supervision of a licensed broker✓
- d.Only after also becoming a broker
A Vermont salesperson may act only in affiliation with and under the supervision of a licensed broker and may not operate independently. The affiliated broker is responsible for the salesperson's real estate conduct and for the brokerage's trust accounts.
A Vermont salesperson may lawfully be paid a commission by:
- a.The broker with whom the salesperson is affiliated✓
- b.The buyer directly at closing
- c.The seller directly upon listing
- d.Any cooperating broker in the transaction
A Vermont salesperson is compensated only through the affiliated broker, not directly by a buyer, seller, or another broker. The affiliated broker supervises the salesperson and is accountable for handling client funds.