Agency
Vermont's seller's agent who gives the buyer inaccurate information about the property's septic capacity is:
AActing within their duty to promote the seller's interests
BPotentially liable for negligent misrepresentation or fraud✓ Correct
CProtected by the caveat emptor principle
DOnly liable if the buyer relied on the information in writing
Explanation
Providing inaccurate material information to a buyer, even by a seller's agent, can constitute negligent misrepresentation or fraud. Agents have a duty not to make false statements to third parties.
Related Vermont Agency Questions
- In Vermont, a 'transaction broker' differs from a buyer's or seller's agent because a transaction broker:
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- A Vermont listing agent learns that the basement has flooded twice in the past three years. The seller asks the agent not to disclose this. The agent should:
- Vermont's buyer's agency agreement should specify:
- Which of the following would NOT terminate an agency agreement in Vermont?
- A subagent in a Vermont real estate transaction:
- When a Vermont listing broker receives an offer significantly below the asking price, the broker must:
- Vermont's principle of 'informed consent' for dual agency means both buyer and seller must:
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