Agency
Vermont's principle of 'informed consent' for dual agency means both buyer and seller must:
ABe informed of dual agency at or after closing
BReceive written disclosure and give written consent to the dual agency arrangement before it begins✓ Correct
CSimply not object if informed verbally
DBe represented by attorneys before consenting
Explanation
Informed consent for dual agency requires that both the buyer and the seller receive written disclosure of the dual agency arrangement and provide their written consent before the relationship begins.
Related Vermont Agency Questions
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- Under Vermont agency law, a real estate agent is an example of which type of agent?
- Vermont's 'apparent authority' in real estate agency means that:
- When does a Vermont real estate agency relationship BEGIN?
- When a Vermont seller's agent shows the seller's property to a buyer, the agent should treat the buyer as a:
- A Vermont real estate broker who enters into a 'co-brokerage' agreement with another broker to cooperate on a sale shares their commission because:
- Which of the following actions by a Vermont buyer's agent would constitute 'negligent misrepresentation'?
- When a Vermont licensee changes from representing the seller to representing the buyer in the same transaction, they must:
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