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Real Estate MathCommissionEASY

A subdivider needs to give a copy of the Real Estate Commissioner’s public report to:

Correct Answer

C) only bona fide purchasers who have signed a purchase contract.

Subdividers must provide the public report to prospective purchasers before accepting deposits.

Answer Options
A
anyone who is likely purchase one or more lots.
B
anyone upon request.
C
only bona fide purchasers who have signed a purchase contract.
D
the salespeople they employ.
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Related Topics & Key Terms

Related Topics:

disclosure-requirementssubdivision-regulationsconsumer-protection-lawsreal-estate-contract-formation

Key Terms:

Subdivided Lands Lawpublic reportCalifornia DREBusiness and Professions Code §11018.1subdivision disclosure
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