Contracts
A Vermont buyer who wants to 'waive' the inspection contingency to make a more attractive offer in a competitive market should understand that:
AThe seller must legally permit the waiver
BThey accept the risk of undisclosed defects and lose the right to terminate based on inspection findings✓ Correct
CVermont law prohibits waiving inspection contingencies
DWaivers are only valid with VREC approval
Explanation
Waiving the inspection contingency in Vermont makes an offer more attractive to sellers by eliminating a potential termination trigger, but the buyer assumes all risks of unknown defects. Vermont buyers' agents should ensure clients understand the risks before recommending a contingency waiver.
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