Agency
An agent's duty of confidentiality to a client in Vermont means the agent:
AMay share the client's price limits with the opposing party to facilitate a deal
BMust keep the client's motivations and financial position confidential even after closing✓ Correct
COnly keeps information confidential during the listing period
DHas no obligation once the transaction closes
Explanation
The duty of confidentiality survives closing. An agent must never disclose a client's motivation, financial position, or other confidential information to the opposing party, even after the transaction is complete.
Related Vermont Agency Questions
- In Vermont, a licensee acting as a disclosed dual agent represents:
- Vermont's 'price opinion' (broker price opinion or BPO) is used primarily by:
- A Vermont agent who accidentally overhears their seller client say they need to sell within 30 days due to a divorce must:
- Vermont's Multiple Listing Service (MLS) allows participants to:
- In Vermont, 'multiple representation' (dual agency) requires that the agent cannot:
- 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:
- When a Vermont seller's agent shows the seller's property to a buyer, the agent should treat the buyer as a:
- When does a Vermont real estate agency relationship BEGIN?
Practice More Vermont Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Vermont Quiz →