Agency
Material facts that a Vermont listing agent must disclose to buyers include:
AOnly physical defects visible during inspection
BKnown material defects affecting the property's value or desirability, such as structural problems or legal encumbrances✓ Correct
CThe seller's minimum acceptable price
DThe seller's personal financial situation
Explanation
Vermont agents must disclose known material facts — conditions that would affect a reasonable buyer's decision — including structural defects, title issues, and legal encumbrances, but not confidential client information.
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Key Terms to Know
Encumbrance
Any claim, lien, charge, or liability attached to real property that affects its value or limits its use.
LienA financial claim against a property that serves as security for a debt or obligation, giving the creditor the right to foreclose if unpaid.
AgencyA legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate transaction.
Dual AgencyA situation where a single real estate agent or brokerage represents both the buyer and the seller in the same transaction.
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