Agency
Which of the following statements about sub-agency is TRUE in Vermont?
ASub-agency is mandatory in all Vermont real estate transactions
BA sub-agent represents the buyer even when cooperating with the listing broker
CA cooperating broker acting as sub-agent owes fiduciary duties to the seller, not the buyer✓ Correct
DSub-agents are paid directly by the buyer they assist
Explanation
A sub-agent is an agent of the listing broker who assists the buyer. Because the sub-agent's fiduciary duties run to the seller (through the listing broker), the buyer being helped by a sub-agent does not have agent representation.
Related Vermont Agency Questions
- If a Vermont real estate agent is representing a buyer and the buyer discloses their maximum purchase price, the agent should:
- Vermont's 'seller's disclosure obligation' to their listing agent includes revealing:
- Vermont's 'sub-agency' relationship, where a cooperating broker acts as an agent of the listing broker and seller, is now:
- When a Vermont listing agent represents a seller in a transaction where they also represent the buyer (dual agency), the agent's ability to negotiate is:
- When a Vermont agent presents a low offer to a seller they represent, their duty is to:
- Vermont's 'agency relationship by implication' can arise when:
- An exclusive right to sell listing in Vermont means:
- A Vermont buyer's agent who also earns a referral fee from a title company must disclose this arrangement:
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