Agency
A Vermont buyer's agent owes which of the following duties to the buyer-client?
ALoyalty, confidentiality, disclosure, obedience, reasonable care✓ Correct
BOnly loyalty and disclosure
COnly reasonable care and skill
DLoyalty to buyer and equal loyalty to seller
Explanation
A buyer's agent in Vermont owes fiduciary duties including loyalty, confidentiality, disclosure of material facts, obedience to lawful instructions, and reasonable care and skill.
Related Vermont Agency Questions
- An agent's duty of 'loyalty' to their Vermont client means the agent must:
- When a Vermont listing broker receives an offer significantly below the asking price, the broker must:
- Which of the following statements about sub-agency is TRUE in Vermont?
- In Vermont, the duty of 'accounting' in an agency relationship requires the agent to:
- An agent's duty of confidentiality to a client in Vermont means the agent:
- In Vermont, undisclosed dual agency is:
- Vermont's doctrine of respondeat superior makes the principal broker:
- Vermont's 'limited service listing agreement' allows a broker to:
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