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5. Public Restrictions on Land

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Questions and Answers

How long is a final subdivision public report valid for unless there is a material change to the subdivision?

Two years

One year

Ten years

Five years (correct)

What is a possible consequence if a developer violates the Subdivided Lands Law?

Developers will receive financial compensation

Buyers will not be refunded their deposits

The Commissioner may stop sales of lots (correct)

Buyers can only reserve lots, not purchase them

Which federal consumer protection law regulates subdivisions of vacant land offered for sale or lease across state lines?

Environmental Laws

Subdivided Lands Law

Building Codes Subdivision Map Act

Interstate Land Sales Full Disclosure Act (correct)

What does the Real Estate Commissioner investigate before issuing the final report about a subdivision?

Compliance of the subdivision Signup and view all the answers

What must a developer demonstrate to show compliance with the Subdivided Lands Law?

Ensuring availability of utilities Signup and view all the answers

What must each prospective buyer receive before signing a sales agreement for a subdivision lot?

Final public report from the Real Estate Commissioner Signup and view all the answers

How long is a developer required to keep a copy of the receipt signed by purchasers after they receive the public report?

5 years Signup and view all the answers

What is the main purpose of the Subdivided Lands Law?

To require developers to make specific disclosures to buyers Signup and view all the answers

When must a developer file a final map for a subdivision?

After receiving approval for the tentative map Signup and view all the answers

Which governmental body has the power to regulate the creation of subdivisions?

Local planning agency Signup and view all the answers