Vermont Real Estate Salesperson Exam — All Questions
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Under Vermont rules, the mandatory consumer disclosure of brokerage relationships should be given:
- a.Only after a contract is signed
- b.At the closing table
- c.Within 30 days after an accepted offer
- d.Early in the relationship, before the consumer shares confidential information✓
Vermont requires licensees to provide the mandatory consumer disclosure early in the working relationship, before the consumer shares confidential information. The disclosure explains seller agency, buyer agency, and dual agency so the consumer can decide how to proceed.
In Vermont, dual agency, in which one licensee or firm represents both the buyer and the seller, is:
- a.Prohibited under all circumstances
- b.Permitted only with the informed consent of both parties✓
- c.Created automatically when a firm has both sides
- d.Allowed without any disclosure to the parties
In Vermont, dual agency is permitted only with the informed consent of both the buyer and the seller. The dual agent must treat both parties honestly and may not disclose one party's confidential information to the other, because a dual agent cannot fully advocate for either side.