§ 2292 - Eligibility - Vermont Statutes

§ 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) A license as a real estate salesperson shall be granted to a person who satisfies all of the following:

(1) Has passed an examination as required by the commission.

(2) Is at least 18 years old.

(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.)