The Vermont Statutes Online
The statutes were updated in November, 2018, and contain all actions of the
2018 legislative session.
Subchapter 003 : LICENSES(Cite as: 26 V.S.A. § 2292)
§ 2292. Eligibility
(a) A license as a real estate broker shall be granted to a person who satisfies all of the following:
(1) Has passed an examination as required by the Commission.
(2) Has gained at least two years' experience satisfactory to the Commission as a licensed salesperson, including at least eight separate and unrelated closed transactions.
(3) Has completed a course of instruction of at least 40 hours, approved by the Commission.
(b)(1) A license as a real estate salesperson shall be granted to a person who satisfies all of the following:
(A) has passed an examination as required by the Commission;
(B) is at least 18 years of age;
(C) has been employed by or become associated with a brokerage firm and that firm's principal broker; and
(D) has completed a course of instruction, approved by the Commission, of at least 40 hours.
(2)(A) An initial salesperson license shall expire 90 days from issuance.
(B) The license of a salesperson who has provided documentation to the Commission showing successful completion of eight hours of instruction addressing topics specified by the Commission relating to the salesperson's postlicensure practice of the profession shall be renewed without application or fee and remain valid until the end of the biennial licensing period.
(3) Has been employed by or become associated with a brokerage firm and that firm's principal broker.
(4) Has completed a course of instruction, approved by the Commission, of at least 40 hours.
(c) The Commission may waive all or a part of the examination requirement if the applicant is a real estate broker or salesperson regulated under the laws of another jurisdiction, who is in good standing to practice in that jurisdiction and, in the opinion of the Commission, the jurisdiction's examination is substantially equal to that required by this chapter. (Amended 1963, No. 66, § 2; 1969, No. 283 (Adj. Sess.), § 6; 1979, No. 81, § 2, eff. May 10, 1979; 1985, No. 6, § 1; 1997, No. 40, § 28; 2001, No. 151 (Adj. Sess.), § 21, eff. June 27, 2002; 2005, No. 27, § 67; 2017, No. 48, § 14.)