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Practice Of Real EstateRecordkeepingMEDIUM

A Vermont licensee is asked about a buyer declines to enter a brokerage relationship and the agency disclosure form notes that fact. What is the best answer?

Correct Answer

D) The form should be retained as part of the brokerage records for the required seven-year period

The Vermont state exam directly tests seven-year retention of the agency disclosure form when a buyer chooses not to enter a relationship. Source basis: Vermont OPR Real Estate Salesperson State Jurisprudence Exam, SALES EXAM #2, retrieved 2026-04-25

Answer Options
A
The form can be discarded because no client relationship began
B
No record is needed if the buyer refuses to sign
C
Only the buyer keeps the form
D
The form should be retained as part of the brokerage records for the required seven-year period

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Related Topics & Key Terms

Related Topics:

vt.S9recordkeeping

Key Terms:

vermontvt.S9recordkeepingdisclosure-form
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