Vermont License Law
Vermont's 'open listing' agreement is least preferred by brokers because:
AIt requires the broker to split commissions with multiple brokers
BThe seller can list with multiple brokers and only owes a commission to the broker who actually produces the buyer — giving the broker no exclusive protection✓ Correct
CIt must be recorded at the town clerk's office
DIt automatically expires after 30 days
Explanation
In an open listing, the seller can list with multiple brokers simultaneously and only pays a commission to the one who procures a ready, willing, and able buyer. If the seller finds their own buyer, no commission is owed. This provides no protection for the broker's marketing investment.
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