Key Takeaways
- The Vermont Real Estate Commission (VREC) regulates real estate licensees under Title 26, Chapter 41 of Vermont Statutes
- VREC consists of seven members appointed by the Governor: three licensed brokers, one salesperson, one attorney, and two public members
- VREC has authority to investigate complaints, conduct hearings, and take disciplinary action including license suspension or revocation
- The Commission operates under the Office of Professional Regulation (OPR) within the Secretary of State's office
- Vermont requires 40 hours of pre-license education for salesperson applicants
Vermont Real Estate Commission (VREC)
The Vermont Real Estate Commission (VREC) is the state body responsible for licensing, regulating, and overseeing real estate professionals in Vermont under Title 26, Chapter 41 of the Vermont Statutes.
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VREC Structure and Authority
Commission Members
VREC consists of seven members appointed by the Governor:
| Member Type | Number | Requirements |
|---|---|---|
| Licensed brokers | 3 | At least 4 years as broker; at least one must NOT be a member of a professional real estate association |
| Licensed salesperson | 1 | Active Vermont salesperson license |
| Attorney at law | 1 | Licensed to practice in Vermont |
| Public members | 2 | No financial interest in regulated activities |
Members serve staggered terms with a majority required for a quorum.
Key VREC Functions
| Function | Description |
|---|---|
| Licensing | Process applications, approve education providers, issue licenses |
| Education | Set education requirements, approve courses and schools |
| Enforcement | Investigate complaints, conduct hearings |
| Discipline | Suspend, revoke, or deny licenses; impose fines |
| Rulemaking | Adopt administrative rules to implement statutes |
Vermont Real Estate License Law
The Vermont Real Estate License Law (Title 26, Chapter 41) is the primary statute governing real estate licensing in Vermont. Key provisions include:
- Who must be licensed - Definitions of broker and salesperson activities
- Exemptions - Attorneys, property owners, certain employees
- Prohibited conduct - Actions that violate the law
- Disciplinary actions - Grounds for suspension or revocation
- Trust fund handling - Requirements for client funds
Administrative Oversight
VREC operates under the Office of Professional Regulation (OPR) within the Vermont Secretary of State's office:
| Authority | Responsibility |
|---|---|
| Secretary of State | Overall regulatory oversight |
| Office of Professional Regulation | Administrative support for VREC |
| VREC | Licensing decisions and discipline |
Exam Tip: The Vermont Real Estate Commission's primary mission is public protection through proper licensing and regulation of real estate professionals.
Licensing Administration
Real estate licensing in Vermont is administered through the Office of Professional Regulation (OPR), which provides:
Online Services
| Service | Description |
|---|---|
| License applications | Submit and track applications online |
| Renewals | Renew licenses electronically |
| Verification | Verify license status of professionals |
| Forms | Access required forms and instructions |
Contact Information
| Resource | Information |
|---|---|
| Office | Vermont Office of Professional Regulation |
| Address | 89 Main Street, 3rd Floor, Montpelier, VT 05620-3402 |
| Phone | (802) 828-1505 |
| Website | sos.vermont.gov/real-estate-brokers-salespersons |
Quorum and Voting
| Requirement | Details |
|---|---|
| Quorum | Majority of members (4 of 7) |
| Voting | Majority vote of members present |
| Meetings | Regular meetings posted publicly |
Key Point: All VREC meetings are open to the public in accordance with Vermont's open meeting laws.
How many members serve on the Vermont Real Estate Commission?
Which of the following is a member type required on the Vermont Real Estate Commission?