agency

Prohibition on Dual Agency (Vermont)

Vermont Real Estate Commission rules prohibit firms and licensees from acting as dual or limited agents for both buyer and seller in the same transaction, with no informed-consent exception. Firms also may not offer services as an intermediary, transaction broker, facilitator, or other non-fiduciary representation, and may not practice both agency models. A firm may represent one party while the other is an unrepresented customer. Before a licensee buys a firm listing, the firm must terminate the agreement, allow outside representation, and disclose the conflict in writing.