To sell or lease real estate in Vermont and earn a commission, you must have a Vermont Real Estate License.
The steps to obtain a VT Real Estate License:
Step #1: Complete the 40-hour Vermont Real Estate Salesperson Course.
Step #2: Schedule your VT National License Exam.
Step #3: Take and Pass the National Licensing Exam.
Step #4: Get hired by a VT licensed Broker.
Step #5: Submit the salesperson license application.
Step #6: Take the state licensing exam.
Step #7: Remember to take the 8-hour post-licensing course.
Step 1: Take the 40- hour pre-licensing education
All new salesperson candidates must take the 40-hour Vermont pre-license course. You must complete the course from an approved education provider. You can also search for approved courses in the Office of Professional Regulation (OPR) portal.
Your course will teach you about real estate principles and practices, such as agency, federal regulations, state regulations, contracts, financing, and property valuation. At the end of the course, you must pass a final exam to receive a Certificate of Completion.
Step 2: Schedule the national licensing exam
The fastest way to schedule your Vermont salesperson licensing exam is to go to the PSI website. Start the scheduling process and create a PSI account. You do have the option of telephone scheduling by calling 1-913-895-4600 or to use the paper registration found in the PSI Handbook.
The national salesperson examination fee is $110. PSI accepts major credit cards, cashier’s check, or money orders. The fee is non-refundable, but you can reschedule your exam just once for no charge.
PSI has test centers located in Burlington and South Burlington, VT. Additional test centers are available in New Hampshire and Massachusetts. The Candidate Information Handbook contains specific addresses, testing schedules, and more relevant information about the exam process.
Step 3: Pass the national licensing exam
Arrive for your national licensing exam no later than 15 minutes before the exam appointment. Present two forms of identification, with one being government-issued and showing your name, signature, and photograph.
The national licensing exam is 100 multiple-choice questions on a range of real estate topics. There may also be up to five “pre-test” questions that are experimental and do not count for your score. The Candidate Information Handbook breaks down the topics and the number of questions per topic. The total time for the exam is 2.5 hours.
As soon as you finish the exam, report to the testing supervisor for your score report. The report will show if you passed. If you did, your score report will also have instructions for applying for a license. Your examination results will also be forwarded to the Vermont Real Estate Commission (VREC). If you did not pass, the report will have your scores and re-application instructions.
Step 4: Find a hiring broker
All Vermont salespersons work under the supervision of a licensed real estate broker. Your hiring broker must complete the employment/supervision form as part of your license application process.
Step 5: Submit your salesperson license application
In Vermont, the Office of Professional Regulation oversees the application and licensure process. The OPR only accepts online applications. Go to the website and create an account to start applying for your salesperson’s license. You’ll use your account in the future to check application status, renew your license, and manage any licensing changes.
The salesperson application license fee is $100. The documentation you’ll need to upload includes:
OPR estimates it takes 3-5 business days to process your completed application.
Step 6: Take the Vermont state licensing exam
Vermont administers its state licensing exam through the Vermont Office of Professional Regulation as part of the initial application process. You’ll log into the application account and follow the instructions for completing the state licensing exam. There is no additional fee for taking the state exam.
Following a full application review, your license application will be approved or denied. Once approved, congratulations! You are a Vermont real estate salesperson.
Step 7: Take the 8-hour Post Licensure Education
All new Vermont real estate salespersons are required to take 8 hours of post-licensing education within 40 days of their initial licensure. This is in addition to the required 16 hours of continuing education for all salespersons. You must select from the approved courses
and take the post-licensing education from an approved education provider. The state will ask for proof of the coursework when it is time for your license renewal.