Vermont Real Estate Salesperson Exam — All Questions

To qualify for a Vermont salesperson license, an applicant must first complete:

• a.A four-year college degree in real estate
• b.A 90-hour broker course
• c.A two-year apprenticeship under a broker
• d.The required 40-hour pre-license course from an approved provider✓

Vermont requires an applicant to complete the required 40-hour pre-license course from an approved provider before taking the salesperson licensing examination. After passing the exam and meeting eligibility requirements, the salesperson must affiliate with a broker to activate the license.

To be licensed as a Vermont real estate salesperson, an applicant must be at least eighteen, complete the approved course, and:

• a.Hold a certificate from a Vermont-based school only
• b.Post a surety bond with the Office of Professional Regulation
• c.Be associated with a brokerage firm and its principal broker✓
• d.Have resided in Vermont for at least one full year

A salesperson license is granted to a person who has passed the required examination, is at least 18 years of age, has been employed by or become associated with a brokerage firm and that firm's principal broker, and has completed an approved course of at least 40 hours. Cite: 26 V.S.A. 2292(b).

A Vermont salesperson applying for a broker license must show at least two years of satisfactory experience as a licensed salesperson, including:

• a.Five closed transactions in commercial property
• b.Eight separate and unrelated closed transactions✓
• c.Twenty listings taken in the licensee's own name
• d.Three years of supervising other salespersons

A broker license is granted to a person who has passed the required examination, has gained at least two years of experience satisfactory to the Commission as a licensed salesperson including at least eight separate and unrelated closed transactions, and has completed an approved course of at least 40 hours. Cite: 26 V.S.A. 2292(a)(2).

The Commission-approved prelicensing course a Vermont broker applicant must complete is at least:

• a.Twenty hours
• b.Forty hours✓
• c.Sixty hours
• d.Ninety hours

Both the salesperson prelicensing course and the broker prelicensing course must be at least forty hours of instruction approved by the Commission. Cite: 26 V.S.A. 2292(a)(3).

Vermont real estate licenses are renewed:

• a.Every four years, on payment of a single fee
• b.Annually, on the licensee's own birthday
• c.Every two years, without re-examination✓
• d.Every three years, with a written examination

Licenses are renewed every two years without examination on payment of the required fees, provided the applicant has completed the required continuing education during the preceding two-year period. Cite: 26 V.S.A. 2293.

For each Vermont renewal period, the approved continuing education required is:

• a.Twelve hours for brokers and eight for salespersons
• b.Twenty-four hours for brokers and sixteen for salespersons✓
• c.Sixteen hours for brokers and twenty-four for salespersons
• d.Twenty hours for brokers and twenty for salespersons

A renewing licensee must complete at least 24 hours of approved instruction for brokers and 16 hours for salespersons during the preceding two-year period. Cite: 26 V.S.A. 2293.

Of the Vermont continuing education hours required each renewal period:

• a.Four hours must address legislation the Commission names✓
• b.Eight hours must be taken in a live classroom setting
• c.None of it is reserved for any particular subject
• d.Two hours must cover federal and state fair housing rules

Four hours of the continuing education instruction must address legislation and other topics specified by the Commission for each renewal period. Cite: 26 V.S.A. 2293.

A Vermont salesperson renewing a license for the first time must show completion of the required post-licensure education:

• a.Within one year of obtaining the initial license
• b.Before the second license renewal falls due
• c.Only if the Commission audits the renewal application
• d.Within ninety days of obtaining the initial license✓

Salespersons renewing for the first time must provide evidence of having completed the required hours of Commission-approved post-licensure education within ninety days of obtaining their initial salesperson's license. Cite: Vt. Real Estate Commission Rule 5.2(a).

A Vermont salesperson who was licensed and in good standing in another jurisdiction is excused from post-licensure education if licensed there for at least:

• a.Twenty-four months✓
• b.Sixty months
• c.Six months
• d.Twelve consecutive months

A salesperson regulated under the laws of another jurisdiction, licensed and in good standing there, who has been licensed for at least twenty-four months in that jurisdiction, is not required to complete the post-licensure education. Cite: Vt. Real Estate Commission Rule 5.2(a).