Agency
Vermont's 'sub-agency' relationship, where a cooperating broker acts as an agent of the listing broker and seller, is now:
AThe most common form of buyer representation
BLargely replaced by buyer's agency, though it still can exist when a buyer has not signed a buyer's agency agreement✓ Correct
CRequired by Vermont law
DProhibited by VREC
Explanation
Sub-agency historically meant cooperating brokers who showed listed properties were sub-agents of the seller. This has been largely replaced by buyer's agency.
Related Vermont Agency Questions
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- Which of the following best describes 'subagency' in Vermont real estate practice?
- Vermont's principle of 'informed consent' for dual agency means both buyer and seller must:
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