Vermont is NOT a state that passed new legislation to codify the NAR settlement (it is not in the Texas SB 1968 / California AB 2992 category). Instead, Vermont is a hybrid/pre-existing-regulation case: it already required written buyer service agreements years before the settlement, via Vermont Real Estate Commission Administrative Rules (VREC Rules 4.8 & 4.10, effective Dec. 1, 2015, promulgated under statutory authority at 26 V.S.A. § 2252). These rules require a written buyer service agreement (titled as a Nonexclusive/Open Buyer Agency Agreement, Exclusive Buyer Agency Agreement, or Exclusive Right to Represent Buyer Agreement) before a brokerage firm renders brokerage services, and a separate rule (4.6) requires a consumer disclosure before a property is shown. Because this state regulatory framework predated and already exceeded the settlement's baseline, Vermont brokers experienced comparatively little practice change in August 2024 — mainly clarified language on compensation/fee disclosure, plus the nationwide MLS rule barring buyer-broker compensation offers on the MLS (a Prime MLS/NAR policy, not a Vermont statute). Note: as of the 2024 Chapter 57 "sunset review," Vermont's Office of Professional Regulation had floated a controversial proposal to eliminate buyer-agency fiduciary duty entirely (move to transactional brokerage), but this remains an unadopted proposal, not current law — the 2015 rules remain in effect. So Vermont's answer sits between the Texas/California model (dedicated new statute) and the pure-MLS-rule model (e.g., New York): it relies on a long-standing state administrative rule with the force of law, not a brand-new statute reacting to the settlement, and not solely the national MLS rule.
Facts on this page reflect research current as of 2026-07-05. Programs, rates, and laws change — confirm current figures with the relevant state agency before relying on them.