Vermont Real Estate Broker License
Requirements, fees, and steps to upgrade to broker
Experience Requirements
At least 2 years as a licensed salesperson and at least 8 separate, unrelated closed transactions
Alternative Pathways:
Must have active and valid Vermont salesperson license in good standing.
Education Requirements
Complete 40 hours of state-approved broker pre-licensing education with a final exam score of at least 75%.
Required Courses:
- 40-hour state-approved Broker pre-licensing course
Broker Examination
Exam Name
Vermont Real Estate Broker Examination
Provider
PSI
Format
National portion: 90 multiple-choice questions (100 points), 150 minutes (PSI). The state exam is taken within the OPR online application.
Passing Score
75 on the national portion; the state portion passing score is not published
Exam Fee
$110
Retake Policy
$110 per retake; rebooking allowed the next day. National and state exams must be passed within 2 years preceding application.
Fees
| Application Fee | $100 |
| Examination Fee | $110 |
| Listed Fees | $210 |
Listed fees: $100 application + $110 PSI national exam = $210. The state exam is taken within the OPR application. Course costs are excluded.
No fingerprint or background-check fee appears in official OPR instructions; confirm with OPR
Timeline
Gain Experience
Complete 2 years as licensed salesperson
2+ years
Complete Broker Education
Complete 40 hours of broker pre-licensing
1-2 weeks
Pass Broker Exam
Pass the PSI national exam; the state exam is taken within the application
1-2 weeks
Submit Application
Apply with experience verification
2-4 weeks
License Renewal
Renewal Cycle
Every 2 years
Renewal Fee
$220
CE Hours Required
24 hours
Online Renewal
Available
24 hours of continuing education including the 4-hour mandatory course; not required for a broker's first renewal. Licenses expire May 31 of even-numbered years.
Reciprocity Agreements
Vermont has no reciprocity agreements. Licensees from substantially equivalent jurisdictions may qualify by endorsement (the national exam and/or pre-licensing course may be waived; the Vermont state exam is always required), and Fast Track Endorsement is available after 3+ years licensed elsewhere.
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