Vermont Licensing Representation Agreement
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How to fill out Licensing Representation Agreement?
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FAQ
Net listing is a prohibited practice.
Dual agency occurs when a buyer and seller let a single real estate agent (or two agents from the same brokerage) represent them in a transaction. Dual agency is illegal in eight states: Alaska, Colorado, Florida, Kansas, Maryland, Oklahoma, Texas and Vermont.
To protect your finances and ensure you are selling or buying at the best possible price, it is probably best to avoid dual agency. Buyers or sellers may be inclined to work with a dual agent because they want to obtain confidential information about the person buying or selling the home.
The federal government and individual states set disclosure requirements. The major disclosures required involve lead paint, asbestos, wetlands, and floodplain disclosures.
Dual agency occurs when a buyer and seller let a single real estate agent (or two agents from the same brokerage) represent them in a transaction. Dual agency is illegal in eight states: Alaska, Colorado, Florida, Kansas, Maryland, Oklahoma, Texas and Vermont.
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While Vermont does not have a comprehensive disclosure law as in most states, there are various regulations for you, as a home seller, to keep in mind; and you might decide to choose to fill out a disclosure form regardless.
There is no legal requirement to hire a real estate agent in the search for a home in Vermont. In fact, buyers have the right to refuse to be represented by an agent. While buyers are not required to hire an agent, many do to help with the process.
There is no explicit law requiring disclosure of death on a property in Vermont. There is, however, a clause that states that facts a licensee reasonably believes may directly impact the future use or value of the property.
In general, a disclosure document is supposed to provide details about a property's condition that might negatively affect its value. Sellers who willfully conceal information can be sued and potentially convicted of a crime. Selling a property "As Is" will usually not exempt a seller from disclosures.