Contracts
In Vermont, a purchase and sale agreement for real property is enforceable only if it is:
AWitnessed by a notary public
BRecorded at the town clerk's office
CIn writing and signed by the party to be charged (Statute of Frauds)✓ Correct
DApproved by the Vermont Real Estate Commission
Explanation
Under the Statute of Frauds, contracts for the sale of real property must be in writing and signed by the party against whom enforcement is sought. Verbal real estate contracts are generally unenforceable in Vermont.
Related Vermont Contracts Questions
- Under Vermont law, a real estate sales contract signed by a minor (under age 18) is generally:
- Specific performance is a legal remedy in Vermont real estate that requires:
- Vermont's consumer protection statute (9 VSA Chapter 63) can apply to real estate transactions because:
- In Vermont, a real estate purchase and sale agreement is considered 'executory' until:
- A right of first refusal in a Vermont real estate contract means:
- Vermont's Right of Rescission under TILA allows borrowers to cancel certain refinance transactions within:
- Vermont's liquidated damages clause in a real estate contract specifies that:
- A buyer and seller in Vermont reach a verbal agreement on the sale of a home but do not reduce it to writing. This agreement is:
Practice More Vermont Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Vermont Quiz →