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Practice Of Real EstateRecordkeepingEASY

In Vermont, a firm wants to store records electronically. Which statement is correct?

Correct Answer

A) Paper or electronic records are allowed if they are maintained and available as required

Vermont rules permit paper or electronic brokerage records while keeping the same retention and availability duties. Source basis: Vermont Real Estate Commission Administrative Rules, OPR publication, checked 2026-04-30

Answer Options
A
Paper or electronic records are allowed if they are maintained and available as required
B
Only original paper files satisfy the rule
C
Electronic storage removes the seven-year requirement
D
Electronic records are exempt from inspection

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Related Topics & Key Terms

Related Topics:

vt.S9recordkeeping

Key Terms:

vermontvt.S9recordkeepingpaper-electronic

Related Concepts

Commingling is the illegal act of mixing client funds with a broker's personal or business operating funds, while conversion is the unauthorized use of client funds for the broker's own benefit. Both are serious violations that can result in license revocation.

Commingling is the illegal act of mixing client trust funds with a broker's personal or business operating funds; conversion is the misappropriation of those funds.

Continuing education (CE) refers to the ongoing coursework that licensed real estate professionals must complete during each renewal cycle to maintain an active license. CE ensures agents stay current with changes in laws, regulations, and industry practices.

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