The Consumers choice in Buying and Selling
Real Estate in the State of Vermont
Vermont law allows for different types of brokerage
services to be provided to Buyers and Sellers by
Realtors®. You have the right to decide whether you
want to be represented in a real estate transaction as a
Client of a Realtor® or as an unrepresented Customer.
Right Now
You Are A
Customer |
Vermont law requires all Real Estate Brokerage
Firms and their
agents meet certain basic standards
when dealing with a Buyer or
Seller. All Realtors®
you deal with must observe the following
practices whether you are a Client or a Customer of the Realtor®:
 To disclose all material facts pertaining to the
property that are known by the Realtor®;
To treat both the Buyer and Seller fairly and not
knowingly distribute inaccurate information about
the property;
To account for all money and property received
from or on behalf of the Buyer or Seller; and
To comply with all state and federal laws related
to Real Estate Brokerage activity.
A Real Estate Firm may not act as an agent for both a Seller
Client and Buyer Client in the same transaction, except as a
limited agent with the informed, written consent of all parties.
An unrepresented Buyer may, however, deal with the Real
Estate Firm representing the Seller as a Customer or obtain
his/her own representation.
If the Real Estate Firm is representing the Seller, a Buyer
Customer should not offer to disclose information that he/she
would not want conveyed to the Seller. If the Real Estate
Firm is representing the Buyer, the Seller Customer should
not offer or disclose information the he/she would not want
conveyed to the Buyer.
Remember -
Unless you enter into a written agreement
for agency representation, you are a
CUSTOMER—not a CLIENT. |
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If you want a Realtor® to represent you, you will
need to enter into a written Listing Agreement as a Seller or a
written Buyer Representation Agreement. Once you sign an
agreement, you become a Client. As a Client, the Real Estate Firm will
provide you with the following services in addition to the basic
obligations previously listed:
To perform the terms of a written listing agreement or buyer
representation agreement with reasonable skill and care;
To promote your best interests:
For
Seller Clients this means the Real Estate
Firm will put the Seller’s
interests first and
negotiate for the best price and terms for
the Seller.
For
Buyer Clients this means the Real Estate
Firm will put the Buyer’s
interests first and
negotiate for the best price and terms for
the Buyer.
To maintain the confidentiality of client information, including
bargaining information.
There is no requirement that you must be represented by a
Realtor® in the sale or purchase of property.
This Consumer Disclosure must be signed prior to the Realtor®
showing a property or listing a property.
I/We confirm receipt of a copy of this disclosure as required by
the Vermont Real Estate Commission and understand the options
available to me/us as a Consumer:
__________________________________________________________
Name
Date
__________________________________________________________
Name
Date
__________________________________________________________
Address
Provided by:______________________________________________
Realtor®
Date
__________________________________________________________
Name of Real Estate Brokerage Firm
__________________________________________________________
Address
Phone
[ ] Check this box if this Consumer Disclosure is part of a Seller
Client(s) Listing Agreement
(1/4/2007) |
