Agency
Vermont's 'market knowledge' duty requires a buyer's agent to:
AOnly provide the buyer with MLS printouts
BHave reasonable competence about market conditions, comparable prices, and property values to properly advise the buyer✓ Correct
CGuarantee the buyer gets the lowest price
DKnow the seller's bottom line
Explanation
A buyer's agent's duty of reasonable care includes having adequate market knowledge — current comparable sales, pricing trends, and neighborhood conditions — to properly advise their buyer client on the purchase.
Related Vermont Agency Questions
- A Vermont seller's agent who has not signed a written agency agreement with the seller but has been acting as their agent may still owe:
- Vermont's VREC requires that agency disclosure be provided:
- In Vermont, the duty of 'accounting' in an agency relationship requires the agent to:
- Vermont's 'undivided loyalty' duty in a buyer's agency means the agent must:
- Which of the following is a fiduciary duty owed by a Vermont agent to their client?
- Vermont's principle of 'informed consent' for dual agency means both buyer and seller must:
- The concept of 'procuring cause' in Vermont real estate determines:
- An agency relationship terminates automatically when:
Practice More Vermont Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Vermont Quiz →