US Lawyer Database

For Lawyer-Seekers

YOU DESERVE THE BEST LAWYER

§ 2211. Definitions

§ 2211. Definitions (a) As used in this chapter, the following definitions shall have the following meanings except where the context clearly indicates that another meaning is intended: (1) “Commission” means the Vermont Real Estate Commission. (2) “Person” means and includes individuals, corporations, partnerships, trusts, associations, cooperatives, or other firms or entities, foreign or domestic. […]

§ 2212. Prohibition

§ 2212. Prohibition Except as may be otherwise provided in this chapter, a person, firm, partnership, association, or corporation shall not engage in the business or act in the capacity of real estate broker or salesperson within this State without first obtaining a license therefor. (Amended 1985, No. 6, § 1.)

§ 2213. Penalties

§ 2213. Penalties A person who shall violate any provision of this chapter shall be subject to the penalties provided in 3 V.S.A. § 127. (Amended 1985, No. 6, § 1; 2007, No. 29, § 33; 2019, No. 30, § 16.)

§ 2214. Trust and escrow accounts

§ 2214. Trust and escrow accounts (a) Every real estate broker, within five banking days, shall deposit in a trust or escrow account in a bank or other financial institution licensed to do business in this State all earnest money and contract deposits held by him or her as a real estate broker in which […]