Environmental
Vermont's requirement for mold disclosure in residential real estate transactions means sellers must:
ATest for mold before listing the property
BDisclose any known mold problems that could affect the health and safety of occupants✓ Correct
CRemediate all mold before closing regardless of cost
DProvide a mold warranty to the buyer for one year after closing
Explanation
Vermont requires sellers to disclose known material defects, including known mold issues that could affect the property's habitability or value. Sellers are not automatically required to test for mold, but must disclose what they know.
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Key Terms to Know
Title Insurance
Insurance protecting against financial loss from defects in a property's title that existed before closing but were unknown at the time of purchase.
ZoningLocal government regulations that control land use by dividing areas into zones specifying permitted uses, building sizes, and densities.
VarianceOfficial permission to use land in a way that does not conform to the applicable zoning ordinance, granted by a zoning board when strict enforcement would cause undue hardship.
Eminent DomainThe power of government to take private property for public use, with the requirement to pay the owner just compensation.
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