Property Management
Vermont's 'co-op approval process' for unit transfers typically requires:
AOnly a credit check
BApproval by the cooperative's board of directors, which may reject buyers for legitimate reasons✓ Correct
CState licensing approval
DNo review of the buyer at all
Explanation
Co-op boards typically have the right to approve or reject prospective purchasers of shares, providing significant control over who lives in the co-op. Boards must exercise this right without violating fair housing law.
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