A Vermont licensee is asked about a licensee wants to stop practicing before renewal or later reinstate an expired license. What is the best answer?
Correct Answer
D) Inactive status must be requested before expiration, and reinstatement of an expired license requires the required fees and education proof
Vermont distinguishes a pre-expiration inactive request from an expired license and imposes reinstatement requirements. Source basis: Vermont Real Estate Commission Administrative Rules, OPR publication, checked 2026-04-30
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Related Topics & Key Terms
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Florida brokers are required to maintain transaction records and escrow records for a minimum of five years.
A tie-in arrangement is an illegal antitrust practice in which a seller conditions the purchase of one product or service on the buyer's agreement to purchase a separate product or service.
A trust account, also called an escrow account, is a separate bank account maintained by a broker to hold funds belonging to others, such as earnest money deposits, security deposits, or other client funds.
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