Agency
In Vermont, undisclosed dual agency is:
AAcceptable if both parties agree verbally
BA violation of license law and grounds for disciplinary action✓ Correct
CLegal as long as both parties close the transaction
DPermitted only in commercial real estate
Explanation
Undisclosed dual agency is illegal in Vermont. Dual agency requires informed written consent from both parties; failure to disclose is a violation of license law and may result in license suspension or revocation.
Related Vermont Agency Questions
- Vermont's 'seller's disclosure obligation' to their listing agent includes revealing:
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- Which of the following is a fiduciary duty owed by a Vermont agent to their client?
- A Vermont exclusive agency listing differs from an exclusive right to sell in that:
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- Vermont licensees must keep accurate transaction records for at least:
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