Vermont Real Estate Commission Mandatory Consumer Disclosure

This Is Not A Contract

This mandatory disclosure shall be given to the consumer at the first reasonable opportunity, and must be given to the consumer before discussion of confidential information; entering into a service agreement; or showing a property.

Right Now You Are A Customer

As a customer, the real estate agent with whom
you are working is not obligated to keep
confidential the information that you might share
with him or her. As a customer, you should not
reveal any confidential information that could harm
your bargaining position.

Vermont law requires all agents to perform basic
duties when dealing with a buyer or seller. You can
expect the agent with whom you deal to provide the
following services whether you are a Customer or a
Client:

• To disclose all material facts pertaining to
the property known to the agent.

• To treat both the buyer and seller honestly
and not knowingly give false or misleading
information.

• To account for all money and property
received from or on behalf of the buyer or
seller.

• To comply with all state and federal laws
related to the practice of real estate.

You May Become A Client

Whether you are selling or buying, clients receive
more services than customers. You become a
client by entering into a written contract with a real
estate brokerage firm. All agents in the firm work
for you.

In addition to the services noted in the left hand
column, as a client you can expect the following
services:

• Confidentiality, including bargaining
information

• Promotion of your best interest within the
limits of the law

• Advice and counsel

• Assistance in negotiations

Important Information

1. You are not required to hire a brokerage
firm for the purchase or sale of Vermont real
estate. You may represent yourself.

2. Before you hire a brokerage firm, ask for an
explanation of the firm’s conflict of interest
policies.

This disclosure is provided by The Hearthside Group