Agency
Vermont law requires that the agency disclosure form be:
AProvided verbally at the first meeting
BProvided in writing to the consumer before providing substantive assistance✓ Correct
CSigned at the time a purchase contract is executed
DFiled with the Vermont Real Estate Commission before the listing is taken
Explanation
Vermont requires written agency disclosure before providing substantive assistance to a consumer so they understand who the licensee represents and what duties are owed.
Related Vermont Agency Questions
- An agent's duty of obedience in Vermont requires the agent to:
- Vermont's 'sub-agency' relationship, where a cooperating broker acts as an agent of the listing broker and seller, is now:
- In Vermont, a licensee acting as a disclosed dual agent represents:
- Vermont's 'seller's concession' is when the seller agrees to:
- Vermont requires a licensee to provide agency disclosure to a consumer:
- A Vermont real estate broker who enters into a 'co-brokerage' agreement with another broker to cooperate on a sale shares their commission because:
- Vermont's 'co-broke' arrangement allows:
- A Vermont agent who receives a material adverse fact from their buyer client during negotiations — that the buyer has already found another property and will offer much less — must:
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