In Vermont, a licensee buys or sells property on the licensee's own account. Which statement is correct?
Correct Answer
A) The licensee must disclose the real estate license and personal interest on initial contact with the other party or representative
A Vermont licensee buying or selling on the licensee's own account must disclose the license and interest on initial contact. Source basis: Vermont Real Estate Commission Administrative Rules, OPR publication, checked 2026-04-30
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Related Topics & Key Terms
Related Topics:
Key Terms:
Related Concepts
The legal obligation to reveal information that could affect a party's decision to enter into or the terms of a real estate transaction.
The extent of power and actions an agent is authorized to perform on behalf of the principal, as defined by the agency agreement.
The fiduciary obligations owed by a listing agent to the seller, including marketing the property, presenting all offers, and protecting the seller's confidential information.
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