Agency
In Vermont, the duty of 'confidentiality' in an agency relationship means an agent must:
ANever communicate with the other party in a transaction
BNot disclose the client's motivating factors, financial position, or negotiating limits without authorization✓ Correct
CKeep the listing price secret from all potential buyers
DRefuse to provide a seller disclosure form
Explanation
The fiduciary duty of confidentiality requires an agent to protect their client's confidential information — including motivation to sell or buy, maximum price a buyer will pay, minimum price a seller will accept, and personal financial situations — unless the client authorizes disclosure.
Related Vermont Agency Questions
- Vermont's designated agency model allows a broker to:
- Vermont's 'sub-agency' relationship, where a cooperating broker acts as an agent of the listing broker and seller, is now:
- At what point does a Vermont agency relationship between a broker and seller typically terminate?
- In Vermont, a licensee acting as a disclosed dual agent represents:
- Which of the following actions by a Vermont buyer's agent would constitute 'negligent misrepresentation'?
- A Vermont licensee who is also a principal in a transaction (buying property for themselves through their own listing) must:
- Vermont's 'seller's concession' is when the seller agrees to:
- A Vermont buyer's agent must exercise which skill when advising a client on making an offer price?
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