Broker Lynn's Vermont real estate license expired six months ago. She failed to renew it on time due to a personal emergency. During those six months, she continued to show properties and assist buyers, believing her license was still valid. The VREC discovers this activity. Under Vermont law, which of the following best describes the legal and regulatory consequences Lynn faces?
Correct Answer
A) Lynn may be subject to VREC disciplinary action for practicing without a valid license, and any compensation she received during the lapsed period may be unrecoverable under Vermont law.
Under 26 V.S.A. Chapter 41, practicing real estate brokerage without a valid, current license is a violation of Vermont law. The VREC may initiate disciplinary proceedings, and Lynn could face sanctions including fines and conditions on reinstatement. Furthermore, Vermont courts have held that unlicensed persons generally cannot enforce commission claims or recover compensation for real estate services rendered without a valid license — a significant financial consequence beyond mere administrative discipline.
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Related Topics & Key Terms
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Related Concepts
A group boycott is an illegal antitrust practice in which two or more competing real estate businesses agree to refuse to work with a specific person, company, or entity in order to harm that party's ability to compete.
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Florida real estate licenses must be renewed biennially, and sales associates have specific post-license education requirements for their first renewal.
More Practice Of Real Estate Questions
In Wyoming real estate practice, an associate broker or salesperson is not associated with a responsible broker at renewal. What should the licensee remember?
In Wyoming real estate practice, a first-time salesperson applicant completes coursework. What should the licensee remember?
A Wyoming licensee is reviewing an out-of-state salesperson applicant prepares for testing. What is the best answer?
In Wyoming real estate practice, a salesperson applicant age is reviewed. What should the licensee remember?
A responsible broker in Wyoming asks about a nonresident applicant provides home-state evidence. Which answer follows Wyoming law?
- → A responsible broker in Wyoming asks about a first-time salesperson applicant prepares for Wyoming-specific licensing. Which answer follows Wyoming law?
- → Which Wyoming rule applies when an out-of-state salesperson applies for Wyoming licensure?
- → A responsible broker in Wyoming asks about the Commission director receives a complaint about real estate practice. Which answer follows Wyoming law?
- → For the Wyoming salesperson state portion, a first-time Wyoming salesperson applicant starts the application process. Which statement is correct?
- → A Wyoming licensee is reviewing all first-time salesperson steps are otherwise complete. What is the best answer?
- → For the Wyoming salesperson state portion, a licensee asks how long Wyoming renewal periods are. Which statement is correct?
- → Which Wyoming rule applies when a licensee does not timely submit the complete renewal application, proof of CE, and renewal fees?
- → Which Wyoming rule applies when the Commission acts on license issuance and discipline?
- → In Wyoming real estate practice, a written sworn complaint or Commission motion starts a disciplinary matter. What should the licensee remember?
- → A Wyoming licensee is reviewing a first-time salesperson applicant asks which prelicense courses are required. What is the best answer?
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