Agency
Vermont's designated agency model allows a broker to:
ARepresent both parties without any limitation on fiduciary duties
BDesignate different agents within the same brokerage to represent buyer and seller respectively✓ Correct
CAct as a neutral mediator between buyer and seller
DTransfer agency duties to a licensed appraiser
Explanation
Designated agency allows the employing broker to designate one agent to represent the seller and a different agent from the same brokerage to represent the buyer, allowing each party to receive full representation while working with the same firm.
Related Vermont Agency Questions
- In Vermont, a listing broker who receives competing offers should:
- When a Vermont listing broker receives an offer significantly below the asking price, the broker must:
- Vermont's agency law recognizes which of the following as creating an implied agency relationship?
- Vermont's agency disclosure requirement protects consumers by:
- In Vermont, a real estate licensee who acts as a transaction broker (non-agent facilitator):
- Which of the following statements about sub-agency is TRUE in Vermont?
- A Vermont licensee acting as a property manager is considered to be acting in a:
- In Vermont, a licensee acting as a disclosed dual agent represents:
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