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Mandated DisclosuresWater_wastewater_disclosureHARD

In Vermont, unpermitted construction or septic work affects a Vermont property. Which statement is correct?

Correct Answer

A) The issue can create marketability and buyer-remedy concerns and should be treated as a material transaction issue

The Vermont state exam tests unpermitted construction and wastewater or septic issues as marketability and buyer-remedy concerns. Source basis: Vermont OPR Real Estate Salesperson State Jurisprudence Exam, SALES EXAM #2, retrieved 2026-04-25

Answer Options
A
The issue can create marketability and buyer-remedy concerns and should be treated as a material transaction issue
B
Missing permits never affect marketability
C
The broker ignores the issue if the seller did the work personally
D
The issue is disclosed only if the lender discovers it first

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Related Topics & Key Terms

Related Topics:

vt.S6water_wastewater_disclosure

Key Terms:

vermontvt.S6water_wastewater_disclosurepermits

Related Concepts

Megan's Law requires states to make information about registered sex offenders available to the public. Some states require real estate agents to inform buyers about the availability of sex offender registries.

Mold disclosure involves informing buyers about the presence of mold or conditions that are conducive to mold growth in a property. While no federal mold disclosure law exists, many states require disclosure of known mold issues.

A property condition disclosure is a written statement by the seller detailing the known condition of the property, including defects, repairs, and issues with major systems. Most states require sellers to complete this form.

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