Become A Broker FAQs

 
Q. What do I need to become a Vermont broker?
A. You will need:
  • 40-hours pre-licensing course
  • National and State exam
  • To be affiliated with a Vermont licensed broker/office
  • 8 closed transactions
  • Two years experience as a salesperson
Q. Where do I find the course I need?
A. Classroom and online courses are available.
Q. What if I already have a license in another state, do I still need to take the 40 hour pre-licensing course?
A. If you are applying for licensure by endorsement (have and active license in another state) then you may not need to take the 40 hour broker pre-licensing course.

If you hold a license in the following states, you will need to take the 40 hour broker pre-licensing course.

Alaska   l   Indiana   l   Kansas   l   Tennessee   l   Massachusetts
Q. Where do I get information regarding the examination?
A. You will need to contact PSI for your exam registration and questions regarding your exam.    
You can contact the examination service at www.psiexams.com or 1-800-733-9267.
Q. What if I already have a license in another state, do I still need to take the National exam?
A. If you are applying for licensure by endorsement (have an active license in another state) then you may not need to take the National exam. If you hold a license in any of the following states you will need to take both the National and State exam because that state is not equivalent to Vermont.

California   l   New York   l   North Carolina   l   Puerto Rico   l   West Virginia   l   Montana
Q. What if I already have a license in another state, do I still need to take the state exam?
A. All applicants must take the state exam. There are no exceptions.
Q. How do I report the 8 separate and unrelated closed transactions?
A. This should be reported on the form "Verification of Salesperson Experience" that is in the application. This form must be signed and dated by your supervisor.
Q. How long should I have held my sales license before becoming a broker?
A. You must have been licensed as a salesperson for a minimum of two years. This will be verified by the Vermont Office of Professional Regulations, so you do not need to supply proof.
Q. If I am licensed in more than one state do I need to send in verification from all that states.
A. Yes you will need to send in Verification from every state you have or have ever held a license in.
Q. If I have been disciplined do I need to send in the documentation regarding this?
A. Yes we will need all court documents including information on completion of all disciplinary matters.
Q. How long does it take to process my application?
A. Processing time is 5 to 7 working days.