BURLINGTON, Vt. (WCAX) - An update to a flood-prone property policy we told you about last year. It’ll change how you buy or sell homes in Vermont.
Legislation passed last spring requires sellers to disclose if a property has been through a flood, sits in a flood hazard area, and whether they maintain flood insurance.
As of September 1, that rule has evolved.
Sellers are no longer responsible for determining whether the property sits in a FEMA flood hazard area.
They’re still required to share any existing property maps or prove they don’t exist.
The Vermont Association of Realtors says that’s because sellers were struggling to interpret flood plain maps and didn’t want to lead buyers astray.
The director, Peter Tucker, says this takes some undue responsibility off of sellers while p