Vermont License Law
Under Vermont license law, a broker who 'abandons' their principal office without notifying the VREC could face:
ANo consequences since brokers may close offices freely
BDisciplinary action from the VREC, including potential license suspension✓ Correct
CAn automatic upgrade to a commercial broker license
DA civil fine from the Vermont Attorney General only
Explanation
Vermont license law requires brokers to notify the VREC of material changes to their business including office location or closure. Abandoning a principal office without VREC notification can result in disciplinary action since it may leave affiliated salespersons without proper supervision.
Related Vermont Vermont License Law Questions
- Vermont Act 250 is relevant to real estate because it:
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