A Vermont developer, Priya, owns a 50-acre parcel located within the boundaries of a Vermont municipality. She plans to subdivide the parcel into 9 residential lots and begin construction on a 0.8-acre commercial building on one of the lots. Her attorney tells her that Act 250 may not apply to her project. Which combination of facts, if both are true, would most support the attorney's conclusion that Act 250 does NOT apply?
Correct Answer
A) The municipality has adopted permanent zoning and subdivision bylaws, and the commercial building is under 1 acre in size.
Act 250 (10 V.S.A. Chapter 151) generally triggers on subdivisions of 10 or more lots within 5 years and on commercial/industrial development above the size threshold (1 acre in municipalities with permanent zoning and subdivision bylaws, 10 acres elsewhere). With only 9 lots and a sub-1-acre commercial building inside a '10-acre municipality,' neither primary trigger is met.
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Related Concepts
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.
Florida brokers are required to maintain transaction records and escrow records for a minimum of five years.
A tie-in arrangement is an illegal antitrust practice in which a seller conditions the purchase of one product or service on the buyer's agreement to purchase a separate product or service.
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