Agency
Which of the following would NOT terminate an agency agreement in Vermont?
ACompletion of the purpose (property sold)
BMutual agreement of agent and principal
CThe agent taking a vacation✓ Correct
DExpiration of the listing period
Explanation
An agent going on vacation does not terminate the agency agreement. Agency is terminated by completion of the purpose, mutual agreement, expiration, death or incapacity of a party, destruction of the property, or revocation by either party.
Related Vermont Agency Questions
- 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:
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- A Vermont buyer's agent who also earns a referral fee from a title company must disclose this arrangement:
- Vermont's 'sub-agency' relationship, where a cooperating broker acts as an agent of the listing broker and seller, is now:
- Dual agency in Vermont occurs when:
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