Agency
Dual agency in Vermont occurs when:
ATwo brokers cooperate on a transaction
BA broker represents both buyer and seller in the same transaction✓ Correct
CA salesperson works for two different brokers
DA listing is marketed on two MLS systems
Explanation
Dual agency exists when the same broker or brokerage represents both the buyer and the seller in a single transaction, requiring informed written consent from both parties.
Related Vermont Agency Questions
- Vermont's 'sub-agency' relationship, where a cooperating broker acts as an agent of the listing broker and seller, is now:
- Vermont's 'informed consent' for dual agency requires that before proceeding the parties must understand:
- Vermont's 'agency relationship by implication' can arise when:
- A Vermont buyer's agent arranges a showing of a property listed by another broker. At the showing, the buyer's agent notices the deck appears structurally unsound. The buyer's agent should:
- An agent's duty of 'loyalty' to their Vermont client means the agent must:
- 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 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?
- In Vermont, a real estate licensee who acts as a transaction broker (non-agent facilitator):
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