Agency
A Vermont agent receives two offers simultaneously on a listed property. Their duty to the seller is to:
APresent only the highest offer to simplify the seller's decision
BPresent all offers to the seller promptly and let the seller decide how to respond✓ Correct
CAccept the first offer received without consulting the seller
DReturn the lower offer to the buyer's agent without disclosure
Explanation
A seller's agent must present ALL offers to the seller promptly. The seller has the right to see every offer and make their own informed decision about which to accept, counter, or reject.
Related Vermont Agency Questions
- Under Vermont law, a buyer's agent owes which duty to the seller?
- In Vermont, the duty of 'accounting' in an agency relationship requires the agent to:
- Vermont requires real estate agents to provide an agency disclosure to prospective clients:
- Which of the following would NOT terminate an agency agreement in Vermont?
- A Vermont designated agency arrangement means:
- Vermont's real estate brokerage teams must ensure that:
- The concept of 'procuring cause' in Vermont real estate determines:
- When a Vermont agent presents a low offer to a seller they represent, their duty is to:
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