Agency
In Vermont, a 'designated agency' arrangement allows:
AOne agent to represent both buyer and seller simultaneously as a dual agent
BA broker to designate different affiliated agents to represent the buyer and seller separately, with each owing full loyalty to their respective client✓ Correct
CA salesperson to operate without a broker
DTwo brokers to share a commission equally
Explanation
Vermont permits designated agency, where the broker designates one affiliated licensee to represent the buyer and a different affiliated licensee to represent the seller in the same transaction. Each designated agent owes full fiduciary duties to their respective client, unlike traditional dual agency.
Related Vermont Agency Questions
- Vermont's 'agency relationship by implication' can arise when:
- A Vermont broker who discloses a seller's confidential motivation for selling without authorization may be liable for:
- A Vermont licensee who is a transaction broker (facilitator) owes the parties:
- Vermont's 'limited service listing agreement' allows a broker to:
- Under Vermont law, which of the following is an example of an implied agency?
- A Vermont open listing agreement gives the seller the right to:
- If a Vermont real estate agent is representing a buyer and the buyer discloses their maximum purchase price, the agent should:
- The duty of 'obedience' in a Vermont agency relationship means the agent must:
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