A developer named Marcus plans to build a 2-acre retail shopping center on land located outside any Vermont municipality. Before breaking ground, his real estate licensee advises him that he will likely need a specific state-level land use permit. Which Vermont law requires this permit?
Correct Answer
D) Vermont Act 250, 10 V.S.A. Chapter 151
Vermont Act 250 (10 V.S.A. Chapter 151) requires a land use permit for commercial developments exceeding 1 acre outside municipalities. Because Marcus's retail project is 2 acres and located outside a municipality, it clearly meets the Act 250 threshold, and a permit must be obtained before construction begins.
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Related Topics & Key Terms
Key Terms:
Related Concepts
License requirements are the mandatory qualifications—including pre-licensing education, examination, and background checks—that a person must satisfy before legally practicing real estate. These requirements are established and enforced by each state's real estate commission.
Market allocation is an illegal antitrust practice in which competing real estate brokerages agree to divide markets among themselves by geographic area, property type, or price range, thereby eliminating competition.
Price fixing is an illegal antitrust practice in which competing real estate brokerages agree to charge the same commission rates, fees, or other pricing for their services. It is a per se violation of the Sherman Antitrust Act.
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