Contracts
Vermont's consumer protection statute (9 VSA Chapter 63) can apply to real estate transactions because:
AIt applies only to retail sales of goods
BIt prohibits unfair and deceptive acts and practices in commerce, including real estate✓ Correct
CIt only applies to new home construction
DIt is superseded by federal RESPA in real estate
Explanation
Vermont's Consumer Fraud Act (9 VSA Chapter 63) prohibits unfair and deceptive acts in commerce and has been applied to real estate transactions, providing additional remedies beyond contract law for misrepresentation or fraud.
Related Vermont Contracts Questions
- A Vermont seller signs a listing agreement with Broker A. Before any offer is received, the seller signs a second listing agreement with Broker B for the same property. Regarding the first agreement:
- A void contract in Vermont real estate is one that:
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- A Vermont buyer makes a purchase offer that includes an earnest money deposit of $5,000. The seller accepts. If the buyer defaults, the seller's typical remedy under a liquidated damages clause is to:
- A Vermont real estate purchase contract that contains a time-is-of-the-essence clause means:
- In Vermont, an addendum to a purchase contract must be:
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