A Vermont real estate listing agreement is a contract that outlines the terms by which a real estate broker will be engaged by a property owner to sell residential property on their behalf. The document authorizes the broker to list, market, access, and show the property, as well as negotiate its sale.

The broker will earn their commission, either a percentage of the property’s sale or a flat rate, only if it is sold within the designated listing period. Vermont brokers are required to disclose whether they work for a designated or non-designated agency to potential clients prior to executing a listing agreement.

• Laws – Administrative Rules – 1.8(j), (k), (l), & (m)
• Dual Agency (Administrative Rules – 1.8(i)) – Dual agency is illegal in the state of Vermont. However, two (2) agents from the same brokerage may separately represent the buyer and the seller as “designated agents” (requires written consent from both parties).
• Purchase Agreement – A contract between a buyer and seller for the sale of residential property. Executed once an offer to purchase has been accepted.

Realtor Version

VR-016 Vermont Realtors Exclusive Right to Market Agreement (Non-Designated Agency Firm) – Vermont realtors can use this form to enter into an exclusive listing agreement with a seller of residential property. If an agent is a member of a brokerage that allows designated agency, this form cannot be used.

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