Escrow & Title
What is the purpose of a 'survey' obtained in connection with a Vermont real estate closing?
ATo determine the property's environmental condition
BTo confirm boundary lines, lot dimensions, easements, encroachments, and improvements on the land✓ Correct
CTo establish the property's assessed value
DTo satisfy the Act 250 permit requirement
Explanation
A survey (prepared by a licensed land surveyor) confirms the precise boundaries of the property, the location of improvements relative to boundaries, any encroachments, and easements. Vermont lenders and buyers often require surveys to identify boundary issues before closing.
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