10 Questions
How long is a final subdivision public report valid for unless there is a material change to the subdivision?
Five years
What is a possible consequence if a developer violates the Subdivided Lands Law?
The Commissioner may stop sales of lots
Which federal consumer protection law regulates subdivisions of vacant land offered for sale or lease across state lines?
Interstate Land Sales Full Disclosure Act
What does the Real Estate Commissioner investigate before issuing the final report about a subdivision?
Compliance of the subdivision
What must a developer demonstrate to show compliance with the Subdivided Lands Law?
Ensuring availability of utilities
What must each prospective buyer receive before signing a sales agreement for a subdivision lot?
Final public report from the Real Estate Commissioner
How long is a developer required to keep a copy of the receipt signed by purchasers after they receive the public report?
5 years
What is the main purpose of the Subdivided Lands Law?
To require developers to make specific disclosures to buyers
When must a developer file a final map for a subdivision?
After receiving approval for the tentative map
Which governmental body has the power to regulate the creation of subdivisions?
Local planning agency
Test your knowledge on the role of the Real Estate Commissioner in investigating subdivisions and issuing final reports, as well as the regulations related to the sale, lease, and financing of lots in a subdivision.
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