Vermont License Law
Vermont's 'net listing' arrangement — where the broker keeps everything above a seller's net amount — is:
AWidely used and encouraged in Vermont
BDiscouraged or discouraged because it creates a conflict of interest and may violate the agent's duty to the seller✓ Correct
COnly legal for commercial properties
DRequired to be registered with the VREC
Explanation
Net listings create a direct conflict of interest: the broker benefits from keeping the price as high as possible, which may not align with the seller's best interests. Vermont license law and professional standards strongly discourage net listings, and most states prohibit them. Vermont practitioners should avoid them.
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