Agency
Vermont's 'co-broke' arrangement allows:
ATwo agents to represent the same client in one transaction
BA cooperating buyer's broker to earn compensation from the listing broker for producing a buyer✓ Correct
CTwo listing brokers to share one listing
DAn unlicensed assistant to share in commissions
Explanation
A co-broke (cooperative brokerage) arrangement is when a listing broker offers compensation to a cooperating buyer's broker who produces a buyer for the listed property. It is the foundation of MLS cooperation.
Related Vermont Agency Questions
- In Vermont, a real estate licensee who acts as a transaction broker (non-agent facilitator):
- The concept of 'procuring cause' in Vermont real estate determines:
- In a transaction where both the buyer and seller are represented by agents from the same brokerage, the brokerage is considered to be:
- Which of the following best describes the 'procuring cause' standard used to determine who earns a real estate commission in Vermont?
- Vermont requires that a written agency disclosure be provided to consumers:
- Vermont's 'sub-agency' relationship, where a cooperating broker acts as an agent of the listing broker and seller, is now:
- In Vermont, a 'transaction broker' differs from a buyer's or seller's agent because a transaction broker:
- A Vermont buyer's agent who fails to disclose a material fact about the property to their buyer client has violated their duty of:
Practice More Vermont Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Vermont Quiz →