licensing exam - Broker CE For license renewal, brokers must pro...

Real Estate Licensing in Vermont Flashcards Flashcards Broker CEFor license renewal, brokers must provide evidence that they've completed 24 hours of commission- and NAR-approved continuing education Change in licenseAny change in firm affiliation or personal information requires VREC be notified in writing within 30 days of the change Broker eligibility requirementsHave at least two years of experiences as a salesperson with at least eight separate and unrelated closed transactions, complete at least 40 hours of licensing instruction that is approved by the VREC, pass the broker licensing exam Eligibility requirements for all license types Have a reputation for honesty and trustworthiness, Illustrate full competence to transact business in a way that protects consumers' interests, be at least 18 years of age, have a high school diploma or GED equivalent, be a U.S.citizen or legal resident, and pass a criminal background check (including fingerprints) License renewalBoth brokers and salespersons renew on a fixed 24-month schedule during even-numbered years by May 31 SalespersonAn individual who is associated with and operates under the supervision of a broker to perform and receive compensation for any activities related to selling, buying, negotiating, or leasing real property Nonresident brokerA nonresident of Vermont who previously held a broker's or salesperson's license in their state of residence for at least two years and also holds a Vermont real estate license.Salesperson eligibility requirementsComplete at least 40 hours of licensing instruction that is approved by the VREC, pass the salesperson licensing exam, be employed by or associated with a principal broker Salesperson CEFor license renewal, salespersons must provide evidence that they've completed 16 hours of commission- and NAR-approved continuing education BrokerA person or other entity that may directly receive a fee, commission, or other consideration, or a promise of such compensation for listing, selling, exchanging, buying, renting, or negotiating any real estate activities, and who is allowed to supervise salespersons Nonresident broker and salesperson eligibility requirementsMust have held a real estate license in another state for at least two years prior to applying for a license in Vermont, provide a statement from the regulatory body of the applicant's home state confirming that the applicant is not

subject to any criminal or disciplinary investigation or action, be employed by or associated with a principal broker