Agency
A Vermont seller's agent who has not signed a written agency agreement with the seller but has been acting as their agent may still owe:
ANo duties since there is no written agreement
BFiduciary duties arising from the implied or express oral agency relationship that has been established by their conduct✓ Correct
COnly customer-level duties
DDuties only if the VREC approves the relationship
Explanation
Agency in Vermont can be created by conduct (implied agency) even without a written agreement. If a licensee has been acting as a seller's agent and the seller has relied on that relationship, fiduciary duties may exist.
Related Vermont Agency Questions
- Vermont's Buyer's Agency Agreement becomes binding when:
- Vermont's designated agency model allows a broker to:
- A Vermont real estate agent's 'fiduciary relationship' with their client is best described as:
- When a Vermont seller's agent shows the seller's property to a buyer, the agent should treat the buyer as a:
- An agency relationship terminates automatically when:
- The concept of 'procuring cause' in Vermont real estate determines:
- Vermont's 'apparent authority' in real estate agency means that:
- At what point does a Vermont agency relationship between a broker and seller typically terminate?
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