Agency
When does a Vermont real estate agency relationship BEGIN?
AOnly when a property goes under contract
BWhen the buyer or seller enters into an agency agreement (listing agreement or buyer's agency agreement) with a licensee✓ Correct
CAt the first showing of a property
DWhen the VREC issues formal approval
Explanation
In Vermont, a formal agency relationship begins when the principal (buyer or seller) and the agent enter into an agency agreement — a listing agreement for sellers or a buyer's agency agreement for buyers. Prior contact is typically pre-agency customer service.
Related Vermont Agency Questions
- When a Vermont buyer's agency agreement expires before the buyer closes on a property found during the agreement period, the agent:
- Dual agency in Vermont occurs when:
- In Vermont, undisclosed dual agency is:
- Vermont's 'limited service listing agreement' allows a broker to:
- Which of the following best summarizes the six fiduciary duties a Vermont agent owes their client, often remembered by the acronym 'COAL DR' or 'OLDCAR'?
- Vermont's real estate brokerage teams must ensure that:
- A Vermont licensee acting as a property manager is considered to be acting in a:
- A Vermont buyer's agent who also represents the seller in the same transaction must:
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