Agency
Vermont's 'limited service listing agreement' allows a broker to:
ACharge double the normal commission
BProvide only specified services to the seller (e.g., MLS entry only) for a reduced or flat fee✓ Correct
CList the property without any MLS participation
DRepresent both buyer and seller with no disclosure
Explanation
A limited service listing agreement allows sellers to pay for only the specific services they want (such as MLS entry) at a reduced or flat fee, while retaining the responsibility to provide other services themselves.
Related Vermont Agency Questions
- Vermont's VREC requires that agency disclosure be provided:
- Vermont's 'apparent authority' in real estate agency means that:
- Under Vermont law, which of the following is an example of an implied agency?
- 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:
- Vermont licensees must keep accurate transaction records for at least:
- Dual agency in Vermont occurs when:
- In Vermont, a 'transaction broker' differs from a buyer's or seller's agent because a transaction broker:
- Vermont requires real estate agents to provide an agency disclosure to prospective clients:
Practice More Vermont Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Vermont Quiz →