Agency
In Vermont, a licensee acting as a disclosed dual agent represents:
AOnly the seller while assisting the buyer
BBoth buyer and seller simultaneously with the informed written consent of both parties✓ Correct
CNeither party and acts only as a facilitator
DThe state of Vermont as a neutral party
Explanation
Disclosed dual agency in Vermont occurs when a broker represents both buyer and seller in the same transaction with the knowledge and written consent of both parties. The broker's duties to each party are limited.
Related Vermont Agency Questions
- An agency relationship terminates automatically when:
- Vermont's 'exclusive buyer's agency' means the buyer's agent:
- When a Vermont seller's agent shows the seller's property to a buyer, the agent should treat the buyer as a:
- Vermont's 'holdover clause' in a listing agreement protects the listing broker's commission when:
- Which of the following best describes the 'procuring cause' standard used to determine who earns a real estate commission in Vermont?
- A Vermont buyer's agent who also represents the seller in the same transaction must:
- Which of the following actions by a Vermont agent is an example of a breach of the duty of 'obedience'?
- Vermont's 'price opinion' (broker price opinion or BPO) is used primarily by:
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