For the Vermont salesperson state exam, how should a candidate treat a sale is under contract and the broker wants to add a status rider?
Correct Answer
C) Sold, sale pending, sale under contract, or similar riders are not permitted
Vermont sign law does not permit sold, sale pending, sale under contract, or similar status signs attached to real estate signs. Source basis: 10 V.S.A. Section 493, Vermont Statutes Online, checked 2026-04-30
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Related Topics & Key Terms
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Related Concepts
Market allocation is an illegal antitrust practice in which competing real estate brokerages agree to divide markets among themselves by geographic area, property type, or price range, thereby eliminating competition.
Price fixing is an illegal antitrust practice in which competing real estate brokerages agree to charge the same commission rates, fees, or other pricing for their services. It is a per se violation of the Sherman Antitrust Act.
Florida brokers are required to maintain transaction records and escrow records for a minimum of five years.
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