Agency
Vermont's 'exclusive buyer's agency' means the buyer's agent:
ARepresents only buyers, never sellers, and has no in-house listings✓ Correct
BHas an exclusive arrangement with one buyer at a time
CCharges higher fees than traditional buyer's agents
DCan only show FSBO properties
Explanation
An exclusive buyer's agent or exclusive buyer's brokerage represents only buyers, never takes listings, and thus can never have a conflict of interest from representing sellers. This eliminates the possibility of in-house dual agency.
Related Vermont Agency Questions
- Vermont's designated agency model allows a broker to:
- Vermont's doctrine of respondeat superior makes the principal broker:
- In Vermont, the duty of 'accounting' in an agency relationship requires the agent to:
- Vermont agency relationships may be terminated by:
- Vermont's real estate brokerage teams must ensure that:
- A Vermont broker's policy requires all affiliated licensees to use designated agency for in-house transactions. What must the broker do when both the listing agent and buyer's agent are from the same firm?
- Vermont's 'seller's net sheet' prepared by the listing agent shows the seller:
- Vermont's VREC requires that agency disclosure be provided:
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