Agency
A Vermont broker who discloses a seller's confidential motivation for selling without authorization may be liable for:
ABreach of fiduciary duty✓ Correct
BAntitrust violations
CUnauthorized practice of law
DViolation of RESPA
Explanation
Disclosing a client's confidential information (such as the seller's motivation or willingness to accept less) without authorization is a breach of the fiduciary duty of confidentiality owed to the client.
Related Vermont Agency Questions
- Vermont's 'price opinion' (broker price opinion or BPO) is used primarily by:
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- In Vermont, a real estate licensee who acts as a transaction broker (non-agent facilitator):
- An exclusive right to sell listing in Vermont means:
- A subagent in a Vermont real estate transaction:
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- Vermont licensees must keep accurate transaction records for at least:
- When a Vermont listing broker receives an offer significantly below the asking price, the broker must:
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