Vermont License Law
Vermont's real estate law defines 'broker' as a person who for compensation:
AOnly buys real estate for their own account
BNegotiates, lists, sells, exchanges, purchases, rents, or leases real estate on behalf of another✓ Correct
CManages only commercial properties
DIssues title insurance policies
Explanation
Under 26 VSA Chapter 41, a broker is broadly defined as a person who, for compensation or valuable consideration, performs real estate services on behalf of another, including listing, selling, negotiating, and leasing.
Related Vermont Vermont License Law Questions
- Vermont's real estate law requires that a licensee's principal broker:
- How many hours of continuing education are required for Vermont real estate salesperson license renewal?
- Vermont licensees who receive an earnest money deposit must deposit it in a trust account within:
- Vermont real estate salespersons are typically classified as 'independent contractors' of their broker. This classification means:
- In Vermont, a real estate salesperson license must be held under:
- Vermont's real estate broker's exam requires demonstration of competence in:
- Which of the following persons is exempt from Vermont real estate licensing requirements?
- A Vermont real estate salesperson who wants to sell business opportunities (businesses for sale) must:
Practice More Vermont Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Vermont Quiz →