VT REAL ESTATE BUYER AGENCY – BASIC COURSE
For Vermont Real Estate Brokers and Salespersons
This course has been approved by the Education Subcommittee of the Vermont Real Estate Commission for four (4) clock elective hours for activating or renewing a real estate license in Vermont. Level of Study: Intermediate, appropriate for Brokers and Salespersons
* To review the framework and requirements of law affecting buyer agents
* To explore options to define the scope of services to buyers
* To discuss other contract issues facing the buyer agent and the buyer
* To discuss standard of care and due diligence requirements for buyer agents
While labeled a “basic course” this course is actually a thorough introduction to the requirements and issues facing Vermont buyer agents. It can also be used as a good review course for experienced buyer agents.
Part 1 (30 minutes) covers the framework and legal requirements.
Part 2 (45 minutes) covers defining the scope of services to buyers; creating proper expectations and dealing with forms.
Part 3 (60 minutes) covers contract issues such as conflicts of interest, compensation, the initial interview as tool to refine contract provisions.
Part 4 (105 minutes) covers due diligence issues such as helping your client ask the right questions, inquiry notice issues, inspection, codes and environmental issues.