Vermont​ Out of State Broker Cooperation- An out-of-state licensee may receive share commission with Vermont licensee (note that Rule uses the term "referral fee").
- An out-of-state licensee may not perform any brokerage services in Vermont, but may observe brokerage services in Vermont. |
|
Vermont Real Estate License Types |
Vermont Real Estate Exam Providers |
Vermont Real Estate Waivers |
Real Estate Salesperson Real Estate Broker |
None |
Vermont Real Estate ReciprocityAny State
Confirmed on Vermont SOS Office of Professional Regulation - Real Estate Commission: "To qualify to be licensed, an applicant must be licensed or certified in good standing in another jurisdiction in which the standards and qualifications required for regulation in that jurisdiction are substantially equivalent to Vermont's." |
Specific to Vermont Real Estate- Brokers Must maintain a Trust Account in Vermont |
Vermont Reverse ReciprocityThese states specifically mention Vermont in their Reciprocity: New Hampshire These States recognize any other State licenses but may have additional requirements: Alaska, Alabama, Colorado, Georgia, Idaho, Indiana, Kansas, Kentucky, Maine, Nebraska, North Carolina, Rhode Island, South Dakota, Tennessee, Washington |
Vermont Real Estate LinksNo Reciprocity Page Vermont Real Estate Handbook Vermont Real Estate Commission |
Vermont Real Estate Customs
Attorneys take care of closings.
Conveyance is by warranty or quitclaim deed. Mortgages are the customary security instruments, but large commercial transactions often employ deeds of trust .
Vermont uses ALTA owner’s and lender’s policies and endorsements.
Buyers pay recording fees, title insurance premiums, and transfer taxes.
Property tax payment dates vary across the state.
Conveyance is by warranty or quitclaim deed. Mortgages are the customary security instruments, but large commercial transactions often employ deeds of trust .
Vermont uses ALTA owner’s and lender’s policies and endorsements.
Buyers pay recording fees, title insurance premiums, and transfer taxes.
Property tax payment dates vary across the state.
