Vermont Agency Disclosure
The Consumer's Choice in Buying and Selling Real Estate in the State of Vermont
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. Coldwell Banker Hickok & Boardman Realty represents both Buyers and Sellers in real estate transactions throughout Northwestern Vermont. They do not represent both as a client in the same transaction, nor practice as a limited agent on behalf of both the Seller and the Buyer. 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 that he/she would not want conveyed to the Buyer. Our agent may not act as a Buyer’s Agent when the agent is showing the buyer properties listed by Coldwell Banker Hickok & Boardman Realty.
You May Become A Client
If you choose 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 EstateFirm 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.
- A Consumer Disclosure must be signed prior to the Realtor® showing a property or listing a property.
- Unless you enter into a written agreement for agency representation, you are a CUSTOMER—not a CLIENT
Our goal is to keep you informed and educated about buying and selling a home in Vermont. If you have any questions regarding the process, please call to speak with one our experienced, licensed Realtors®. We are here to help you.
Coldwell Banker Hickok & Boardman Realty
346 Shelburne Road
Burlington, VT 05401