Agency
Vermont's 'undivided loyalty' duty in a buyer's agency means the agent must:
AShare confidential information with the seller to facilitate a deal
BPut the buyer's interests first, even above the agent's own financial interests✓ Correct
CDivide their attention equally between buyer and seller
DPrioritize the seller's interests when they conflict with the buyer's
Explanation
The duty of loyalty requires the agent to place their client's interests above all others, including their own financial interests. This means not pressuring a buyer to accept a price that benefits the agent's commission at the buyer's expense.
Related Vermont Agency Questions
- A Vermont buyer's agent who also earns a referral fee from a title company must disclose this arrangement:
- In Vermont, a seller's agent who learns that a buyer has been pre-approved for a higher loan amount than their offer reflects must:
- An agency relationship terminates automatically when:
- Which of the following would NOT terminate an agency agreement in Vermont?
- If a Vermont real estate agent is representing a buyer and the buyer discloses their maximum purchase price, the agent should:
- Vermont's agency disclosure requirement protects consumers by:
- In Vermont, a real estate licensee who acts as a transaction broker (non-agent facilitator):
- Vermont's Buyer's Agency Agreement becomes binding when:
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