Agency
A Vermont designated agency arrangement means:
AThe brokerage firm represents only buyers
BIndividual agents within the same firm are designated to represent buyer and seller separately✓ Correct
CA single agent represents both buyer and seller with no disclosure required
DThe broker personally handles all transactions
Explanation
Designated agency allows a brokerage to assign different individual agents within the same firm to represent the buyer and seller separately, reducing conflict of interest while allowing the brokerage to serve both parties.
Related Vermont Agency Questions
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- An agent's duty of obedience in Vermont requires the agent to:
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- Vermont requires real estate agents to provide an agency disclosure to prospective clients:
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- In Vermont, a 'designated agency' arrangement allows:
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- A Vermont listing agent receives an offer with earnest money. Under agency law, the agent's fiduciary duty regarding these funds is to:
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