In Vermont, a seller receives another offer before closing. Which statement is correct?
Correct Answer
A) All offers to or from the client must be submitted until closing, whether oral or written and with or without a deposit
Vermont rules require submission of all offers to or from the client until closing. 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
An agency relationship created when a principal approves or accepts an agent's previously unauthorized actions, effectively granting authority after the fact.
The legal requirement for real estate agents to inform all parties about who they represent in a transaction, typically provided at first substantive contact.
A legal relationship in which one person (the agent) is authorized to act on behalf of another person (the principal) in business transactions with third parties.
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