Vermont License Law
Which of the following persons is exempt from Vermont real estate licensing requirements?
AA property manager who manages 20 apartment units for various owners
BAn attorney acting as principal in a real estate transaction✓ Correct
CAn unlicensed assistant who shows properties to prospective buyers
DA developer who employs sales agents to sell lots in their own subdivision
Explanation
Attorneys acting in their legal capacity and as principals in transactions are generally exempt from real estate licensing requirements. However, an attorney acting as a real estate agent for others for compensation would need a license.
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