In Vermont, real estate licensees are directly licensed and disciplined by the:
Correct Answer
B) Vermont Real Estate Commission
The Vermont Real Estate Commission (VREC) is the body that directly licenses, investigates complaints against, and disciplines real estate licensees under Vermont law. VREC operates under the umbrella of the Vermont Office of Professional Regulation (OPR), which provides administrative support for multiple professional licensing boards and commissions, but it is the VREC itself that holds direct regulatory authority over real estate licensees.
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Related Topics & Key Terms
Related Topics:
Key Terms:
Related Concepts
An agency relationship created by the conduct or actions of the parties rather than by a written or oral agreement.
The legal obligation to reveal information that could affect a party's decision to enter into or the terms of a real estate transaction.
The extent of power and actions an agent is authorized to perform on behalf of the principal, as defined by the agency agreement.
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