Agency
An agent's authority to bind their principal in Vermont is limited to:
AWhatever the agent believes is in the client's best interest
BThe actual and apparent authority granted by the principal✓ Correct
CAll actions taken within the normal course of real estate business
DVerbal agreements made at open houses
Explanation
An agent in Vermont may only bind their principal within the scope of actual authority (expressly granted) and apparent authority (reasonably perceived by third parties). Actions beyond that scope are not binding without ratification.
Related Vermont Agency Questions
- A Vermont listing agent receives an offer with earnest money. Under agency law, the agent's fiduciary duty regarding these funds is to:
- A Vermont buyer's agent owes which of the following duties to the buyer-client?
- In Vermont, a seller's agent who learns that a buyer has been pre-approved for a higher loan amount than their offer reflects must:
- Vermont agency relationships may be terminated by:
- Vermont's buyer's agency agreement should specify:
- Vermont's requirement for broker supervision means the principal broker must:
- Dual agency in Vermont occurs when:
- Which of the following actions by a Vermont buyer's agent would constitute 'negligent misrepresentation'?
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