A small state with a small population, Vermont may not seem like an ideal location for real estate professionals. However, this landlocked New England state offers a sense of unparalleled community, which can mean good things for professionals in the state. People considering a real estate license in Vermont may wonder where to go to begin. This article will answer some basic questions. Vermont’s Office of Professional Regulation oversees the Vermont Real Estate Commission, which in turn governs the licensing and maintenance of its realty community. The following guide addresses how to get a real estate license on an entry-level basis in Vermont.
Every state requires certain prerequisites for obtaining licensure. The Vermont commission requires that all applicants for a real estate license must:
- Be 18 or older
- Pass the required 40 hours of prelicensure coursework
- Pass the state and national licensing exam
- Be associated with a licensed Vermont broker or office
- Submit an official application and pay the $50 fee
Training & Education
Vermont requires real estate salespersons to complete 40 hours of prelicensure coursework.The state recognizes only four approved course providers, a list of which appears on the commission website. While the number of providers seems small, some of the providers offer online courses that will make access to the prelicensure coursework easier for people needing distance learning.
Applied Measurement Professionals (AMP) handles the state and national licensing exam for Vermont applicants. The state portion of this exam is required for all applicants, regardless of realty status in another state. (Reciprocal agreements are discussed below.) Candidates should visit the AMP website to learn more about testing specifications, scoring procedures and other information relevant to the Vermont licensing process.
A real estate license in Vermont is valid for two years, during which time realtors must complete 16 hours of continuing education. Four of the 16 hours must be a mandatory core course, and all CE requirements must be met at approved schools. Out-of-state licensees may count their educational requirements from other states provided that the courses are equal to Vermont courses. The fee for renewal each period is $175.
Vermont handles reciprocity differently from most states. Rather than an agreement with several states, Vermont instead excludes certain states for certain reasons. For example, realtors from the following states are required to meet the 40-hour coursework prerequisite because their state’s educational requirements do not equate with Vermont’s: Colorado, Massachusetts, Minnesota, North Carolina, Oregon, Puerto Rico, Rhode Island, South Dakota, the Virgin Islands and Wisconsin. Realtors from other states may be able to waive the 40 hours provided that they submit to all other prerequisite requirements. A breakdown of other states that may or may not receive waivers can be found on the commission website.
In addition to the salesperson license, Vermont offers broker licenses, which require more education and experience. The information presented here pertains to salespersons, as the article assumes that people are unfamiliar with real estate as a profession. Those interested in becoming licensed brokers should check with the Vermont commission to learn more about additional broker qualifications.
Those interested to learn more about widespread governing authorities on real estate should check out the following organizations: the National Association of Realtors and the Association of Real Estate License Law Officials (ARELLO). These associations monitor and regulate realty commissions and agents around the world to ensure that everyone in the real estate community adheres to a standardized code of behavior and ethics.