Important VREC Meetings to Address
Compensation, Agency & More

There are critical potential changes for real estate being discussed at the Vermont Office of Professional Regulation (OPR), tasked with periodic reviews of Vermont regulatory laws, including those that govern the Vermont Real Estate Commission (VREC).

After a two-year study of these laws, OPR is making nine recommendations for change.  The recommendations will be discussed at upcoming VREC meetings.

READ THE OPR REVIEW
We need to make our voices heard to the VREC at their upcoming meetings.
 
Realtors® are encouraged to submit their questions and comments to:
 

All meetings are scheduled from 9:30am- 1pm. VAR Members are encouraged to join the virtual meetings to provide feedback to the VREC. Access to the sessions can be gained by clicking on the calendar link below.

VAR will be holding a statewide Brokers Meeting on Wednesday, July 14 to discuss these recommendations and create strategy. More details will be sent to managing brokers.

OPR CALENDAR

July 1, 2021

  • Compensation Models — Should buyers pay their own agents?
  • Exclusive Representation and Alternatives for Equitable Compensation–Is fee-for-service viable or preferable in some cases?


July 22, 2021

  • Designated Agency–Six years in, what has been its effects? Is the model compatible with fiduciary duties? Are consumers adequately informed?
  • Facilitative Brokerage–Is it time? How would the model interact with others?


August 26, 2021

  • Regulating for Commercial Brokerage–Where to recognize unique characteristics of commercial brokerage?


September 23, 2021

  • Form Oversight & Waivers–Are sweeping waivers of rights to judicial remedies compatible with consumer protection
  • Informing Consumers about Conduct Enforcement–How can we improve awareness of what the disciplinary the process does and does not offer?


October 28, 2021

  • Regulating for the Virtual Office–Is it time to rethink supervision based on physical proximity?