This article is part of a larger series on How to Become a Real Estate Agent.
Getting a Vermont real estate license is pretty straightforward as long as you know the step-by-step process. You need to complete 40 hours of Vermont Real Estate Commission (VREC) approved education, pass both the national and state exam, find a sponsoring brokerage, and submit an application. Let us take you through each step of how to become a real estate agent in Vermont.
1. Meet the Legal Requirements for Your Vermont Real Estate License
In order to get a Vermont real estate license, you must first meet the basic legal requirements. These include being at least 18 years old, a resident of Vermont, and a legal resident of the U.S.
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Vermont doesn’t have reciprocity agreements with any other state, but you may qualify through to create an account on the VOPR website under the Online Services System if you have equivalent education. You must submit official verification of licensure from your current state, pass the Vermont state exam within the application, and pick a sponsoring brokerage to obtain licensure.
Vermont is a physical location state in terms of portability. This means that you are allowed to conduct business in another state, but you’re not allowed to enter the state to conduct real estate business. To learn more about real estate license portability in Vermont, check out our guide on real estate license reciprocity and portability here.
If you have a criminal record, you may still be able to get your real estate license in Vermont. Send written explanations and all court documents for each conviction to the VREC. The VREC and Vermont Office of Professional Regulation (VOPR) will review all of your documentation to determine if you qualify for a real estate license in Vermont.
2. Complete Required Prelicensing Courses
If you’ve met all of the legal requirements, you’re ready to move forward with prelicensing education. The cost of your classes can range from $249 to $550, but Vermont allows you to complete the 40 hours of coursework at an in-person or online real estate school. Whether you choose to take traditional classroom courses or opt for online courses from the comfort of your home, you’ll cover the following real estate topics:
- Agency relationships and contracts
- Real property ownership/interest
- Real property
- Marketing regulations (purchase and rental)
- Property Management
- Real estate calculations
- The Real Estate Commission
- Regulations governing the activities of licensees
- Related laws
- Broker topics
As the top online real estate school in Vermont, Real Estate Express offers high-quality education at an affordable cost. The courses are primarily self-paced but include interactive elements like instructor Q&A and live exam crammer webinars. In addition, they offer a “Pass or Don’t Pay” guarantee that allows you to get your money back if you do not pass your exam on the first try.
3. Take the Vermont National Real Estate Exam
Unlike other states that combine the national and state portions of the exam and they are taken at the same time, Vermont requires that you take the national real estate exam first. All candidates must pass the national exam within two years prior to the application date. The exam is administered on the computer, and you will receive your score report directly after finishing the exam.
The score is determined by the Angoff method, where subject-matter experts estimate the difficulty of each question based on the “minimally competent practitioner” (MCP). The judgments are averaged to determine a minimum passing score to represent the amount of knowledge an MCP would need to demonstrate to pass the exam.
If you pass, you will receive a passing report and instructions on how to apply for licensure. In addition, the exam results will be forwarded to the VREC. If you fail the exam, you will be given a diagnostic report that outlines your results so you can further prepare and retake the exam.
Vermont Real Estate Exam Details
100 nationally focused questions
Items to Bring to the Exam
2 valid forms of identification (ID) with signatures:
Each question is averaged to determine a minimum passing score that demonstrates the amount of knowledge a minimally competent practitioner should have to operate as a real estate professional.
Unfortunately, the VREC does not provide average passing rates for the Vermont exam.
Schedule Your Exam
The Vermont real estate exam is provided by the PSI (formerly AMP), a national provider for state licensing exams. To begin scheduling, you’ll be required to create an account on the PSI website, which will then allow access to the scheduling portal.
You will receive a copy of the Vermont Candidate Information Bulletin for additional testing information. The fee to take the national exam is $110, which you can pay directly on the website using a credit or debit card.
It’s important to be prepared to take and pass your Vermont real estate license exam on the first attempt. PrepAgent provides many study tools to assist agents like flashcards, video and audio lessons, and live online webinars. These tools, along with the PrepAgent money-back guarantee, will get you ready to ace your exam and start your real estate career.
4. Pick a Company to Work For
To hold an active license in Vermont, you must find a sponsoring brokerage to affiliate your license. You must complete the Real Estate Verification of Employment & Supervision form, and your principal broker or broker in charge must sign and date the form. This form must be uploaded with your application.
To make your choice a little bit easier, check out our in-depth article explaining how to choose a real estate company to work for. Although there are many successful brokerages in the Green Mountain State, below you’ll find the top five brokerages reported for 2022:
The Lipkin Audette Team
Coldwell Banker Hickok & Boardman
The Gardner Group
RE/MAX North Professionals
The Smith Macdonald Real Estate Group
Coldwell Banker Carlson Real Estate
Vermont Sales Group
Four Seasons Sotheby's International Realty
Brian Boardman Group
Coldwell Banker Hickok & Boardman
(Source: Real Trends 2022)
Vermont Cities With Highest Median Sales Price 2022
Get familiar with home prices in your area as well as neighboring areas so you can provide value to your clients when they are looking to buy or sell their homes. The more knowledgeable you become about the sales prices in your state, the better you’ll serve your client base. To get a sense of which cities are bringing in the bucks in Vermont, check out this sales data from Towncharts.com below:
5. Apply for Your Vermont License & Pass the State Exam
Once you’ve passed your national exam and picked a sponsoring brokerage to affiliate your license, you need to submit an application and pass the Vermont real estate license exam. Vermont no longer accepts paper applications, so you’ll need to create an account on the VOPR website under the Online Services System.
After you’ve created your account, click “Apply for Individual License” to fill in your information and take the state exam directly through the application. There is no additional cost to take the state exam. You’ll also be required to upload the following documents with your application:
- Certificate of completion for 40 hours of prelicensing education
- Completed verification of employment/supervision form
- Proof of a passing score on the national real estate exam
- The exam answer sheet
- Pay the $100 application fee
You will receive a confirmation email once your application is submitted. They are typically processed within three to five business days, and you can check the status of your application on the online portal.
Pro tip: Along with the required 40 hours of prelicensing education, you’re also mandated to complete eight hours of post-licensing education within 90 days of your license being issued.
6. Start Your Real Estate Career
Now that you’ve learned how to become a real estate agent in Vermont, you’re ready to start your professional real estate journey. For more information, here are some of our articles with content that is perfect for new real estate agents:
- Our article with 14 real estate agent tips covers the basics that every agent should know when they are starting out, including how to write a real estate business plan.
- Learn how to generate real estate buyer leads.
- Get nine strategies to help with real estate seller lead generation.
- Jump-start your career with the top 25 new real estate agent tips from the pros.
- Get the tools you need to build a strong real estate business out of the gate using the best real estate software and tools.