Vermont licensee Karen represents both the buyer and the seller in the same transaction as a disclosed dual agent. Which of the following actions is Karen permitted to take under Vermont law?
Correct Answer
C) Assist both parties with paperwork and communicate offers without advocating for either side
Under Vermont's disclosed dual agency rules (26 V.S.A. § 2296), a dual agent may assist both parties with paperwork, present offers, and facilitate communication, but must remain neutral and cannot advocate for one party over the other. The dual agent's fiduciary duties are limited — they cannot use confidential information from one party to benefit the other.
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Related Topics & Key Terms
Key Terms:
Related Concepts
A relationship where a listing broker authorizes other brokers to act as agents of the seller, extending the seller's agency relationship to cooperating brokers.
A non-agency relationship where the broker facilitates a real estate transaction without representing either party, owing limited duties of honesty, fairness, and competence to both.
The legal principle that holds a broker responsible for the actions of their agents and employees performed within the scope of the agency relationship.
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