Agency
An agent's duty of 'loyalty' to their Vermont client means the agent must:
AAlways recommend the client's properties to other agents
BPut the client's interests above the agent's own financial interests and those of third parties✓ Correct
CRemain loyal even if instructed to commit fraud
DNever communicate with the opposing party's agent
Explanation
Loyalty requires an agent to place the client's interests above all others — including the agent's own interests. An agent cannot, for example, purchase a client's property for below-market value without full disclosure and client consent.
Related Vermont Agency Questions
- An agency relationship terminates automatically when:
- A Vermont buyer's agent secures a property for their buyer client. After closing, the agent receives a gift from the seller as a thank-you. The agent should:
- Which of the following is a fiduciary duty owed by a Vermont agent to their client?
- Which of the following statements about sub-agency is TRUE in Vermont?
- Vermont agency relationships may be terminated by:
- Vermont's 'undivided loyalty' duty in a buyer's agency means the agent must:
- A Vermont broker's policy requires all affiliated licensees to use designated agency for in-house transactions. What must the broker do when both the listing agent and buyer's agent are from the same firm?
- A Vermont listing agent's duty to 'account' for client funds means:
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