Agency
A Vermont buyer's agent who fails to disclose a material fact about the property to their buyer client has violated their duty of:
AAccounting
BDisclosure✓ Correct
CObedience
DConfidentiality
Explanation
The fiduciary duty of disclosure requires a buyer's agent to disclose all material facts relevant to the transaction, including known property defects, that could affect the buyer's decision. Failure to disclose material facts is a breach of fiduciary duty.
Related Vermont Agency Questions
- A Vermont listing agent's duty to 'account' for client funds means:
- Vermont's real estate brokerage teams must ensure that:
- Vermont agency relationships may be terminated by:
- A Vermont exclusive agency listing differs from an exclusive right to sell in that:
- Vermont's principle of 'informed consent' for dual agency means both buyer and seller must:
- When a Vermont listing broker receives an offer significantly below the asking price, the broker must:
- When a Vermont buyer's agency agreement expires before the buyer closes on a property found during the agreement period, the agent:
- A Vermont buyer's agent arranges a showing of a property listed by another broker. At the showing, the buyer's agent notices the deck appears structurally unsound. The buyer's agent should:
Practice More Vermont Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Vermont Quiz →