Agency
Under Vermont law, which of the following is an example of an implied agency?
AA written exclusive buyer agency agreement signed by both parties
BA licensee who acts on behalf of a buyer without a written agreement after the buyer relies on the agent's advice✓ Correct
CA broker who is appointed by the court as a receiver for a property
DA dual agency arrangement with written consent from all parties
Explanation
Implied agency arises from the conduct of the parties rather than a written agreement. If a licensee acts as if they represent a buyer—giving advice, negotiating on their behalf—and the buyer relies on that, an implied agency may be created even without a formal agreement.
Related Vermont Agency Questions
- A Vermont agent working as a buyer's agent who learns of a new listing before it hits the MLS may share this information with their buyer client because:
- A Vermont broker who discloses a seller's confidential motivation for selling without authorization may be liable for:
- A Vermont buyer's agent secures a property for their buyer client. After closing, the agent receives a gift from the seller as a thank-you. The agent should:
- If a Vermont real estate agent is representing a buyer and the buyer discloses their maximum purchase price, the agent should:
- Vermont's buyer's agency agreement should specify:
- Vermont's 'agency relationship by implication' can arise when:
- Vermont's agency disclosure requirement protects consumers by:
- In Vermont, a real estate licensee who acts as a transaction broker (non-agent facilitator):
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