Land Use Controls

Land Use Controls Practice Question

The Interstate Land Sales Full Disclosure Act regulates:
A
All interstate real estate transactions
B
Subdivisions with 25 or more lots sold across state lines
C
Commercial property sales only
D
Foreclosure sales
Explanation

The Interstate Land Sales Full Disclosure Act requires developers of subdivisions with 25 or more lots to register with HUD and provide purchasers with a property report when lots are sold across state lines. This protects buyers from fraudulent land schemes.

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