Vermont Agency
Practice Questions & Answers (2026)
Agency law is one of the most tested subjects on the Vermont real estate exam, and it's also one of the most misunderstood. The Vermont Real Estate Commission expects licensees to understand the legal duties owed to clients vs. customers, and the specific timing of required disclosures under Vermont law. Study these questions carefully — candidates who rely on national agency frameworks and don't account for VT-specific rules are among the most common failures on the state portion.
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Vermont Agency — Practice Questions & Answers
110 questions on Agency from the Vermont real estate question bank. First 10 are free — sign up to unlock all 110.
Q1. Vermont requires a licensee to provide agency disclosure to a consumer:
Explanation
Vermont law requires agency disclosure before a licensee provides substantive assistance so the consumer understands who the licensee represents and what duties are owed to them.
Q2. Under Vermont law, a buyer's agent owes which duty to the seller?
Explanation
While a buyer's agent owes full fiduciary duties to the buyer, they still owe the seller honest and fair dealing and must disclose material facts. A buyer's agent does not have to advocate for the seller's interests.
Q3. A Vermont broker who discloses a seller's confidential motivation for selling without authorization may be liable for:
Explanation
Disclosing a client's confidential information (such as the seller's motivation or willingness to accept less) without authorization is a breach of the fiduciary duty of confidentiality owed to the client.
Q4. In Vermont, a licensee acting as a disclosed dual agent represents:
Explanation
Disclosed dual agency in Vermont occurs when a broker represents both buyer and seller in the same transaction with the knowledge and written consent of both parties. The broker's duties to each party are limited.
Q5. Which of the following statements about sub-agency is TRUE in Vermont?
Explanation
A sub-agent is an agent of the listing broker who assists the buyer. Because the sub-agent's fiduciary duties run to the seller (through the listing broker), the buyer being helped by a sub-agent does not have agent representation.
Q6. An agency relationship terminates automatically when:
Explanation
The death of either the principal or the agent automatically terminates the agency relationship. Other events that terminate agency include expiration, completion of the purpose, mutual consent, or revocation.
Q7. 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:
Explanation
Financial information shared by the buyer is confidential and should not be disclosed to the seller. The buyer's agent (or a dual agent) has a duty to keep such information confidential. However, in this scenario, if the licensee is a seller's agent, the answer depends on who disclosed it to the agent—if the buyer volunteered it to a seller's agent, the seller's agent may have a duty to disclose it to the seller.
Q8. Which of the following is a fiduciary duty owed by a Vermont agent to their client?
Explanation
Loyalty is a core fiduciary duty requiring the agent to act in the client's best interest above all others, including the agent's own financial interests. Other fiduciary duties include obedience, disclosure, confidentiality, accounting, and reasonable care.
Q9. A Vermont buyer's agent arranges a showing of a property listed by another broker. At the showing, the buyer's agent notices the deck appears structurally unsound. The buyer's agent should:
Explanation
A buyer's agent has a duty to disclose material facts affecting the property to their buyer client. Observing a potentially unsafe condition is a material fact the buyer should know before making a purchasing decision.
Q10. Vermont law requires that the agency disclosure form be:
Explanation
Vermont requires written agency disclosure before providing substantive assistance to a consumer so they understand who the licensee represents and what duties are owed.
Q11. In a transaction where both the buyer and seller are represented by agents from the same brokerage, the brokerage is considered to be:
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