Disclosure

[This document is not a contract.]
This disclosure must be given to a consumer at the first reasonable opportunity and
before discussing confidential information; entering into a brokerage service agreement; or showing a property

RIGHT NOW YOU ARE NOT A CLIENT

The real estate agent you have contacted is not obligated to keep information you share confidential.  You should not
reveal any confidential information that could harm your bargaining position.

Vermont law requires all real estate agents to perform basic duties when dealing with a buyer or seller who is not a client.
All real estate agents shall:

• Disclose all material facts known to the agent about a property;
• Treat both the buyer and seller honestly and not knowingly give false or misleading information;
• Account for all money and property received from or on behalf of a buyer or seller; and
• Comply with all state and federal laws related to the practice of real estate.

You May Become a Client

You may become a client by entering into a written brokerage service agreement with a real estate brokerage firm. Clients
receive the full services of an agent, including:

• Confidentiality, including of bargaining information;
• Promotion of the client’s best interests within the limits of the law;
• Advice and counsel; and
• Assistance in negotiations.

You are not required to hire a brokerage firm for the purchase or sale of Vermont real estate. You may represent yourself.
If you engage a brokerage firm, you are responsible for compensating the firm according to the terms of your brokerage service
agreement.
Before you hire a brokerage firm, ask for an explanation of the firm’s compensation and conflict of interest policies.

Brokerage Firms May Offer

NON-DESIGNATED AGENCY or DESIGNATED AGENCY

• Non-designated agency brokerage firms owe a duty of loyalty to a client, which is shared by all agents of the firm. No
member of the firm may represent a buyer or seller whose interests conflict with yours.
• Designated agency brokerage firms appoint a particular agent(s) who owe a duty of loyalty to a client. Your designated
agent(s) must keep your confidences and act always according to your interests and lawful instructions; however, other
agents of the firm may represent a buyer or seller whose interests conflict with yours.

THE BROKERAGE FIRM NAMED BELOW PRACTICES

NON-DESIGNATED AGENCY

I / We Acknowledge                                                                                                                        This form has been presented to you by:
Receipt of This Disclosure