A subdivider needs to give a copy of the Real Estate Commissioner’s public report to:
Question & Answer
Review the question and all answer choices
anyone who is likely purchase one or more lots.
Option A is incorrect because subdividers are not required to provide the public report to anyone who is merely likely to purchase lots. The requirement is more specific and applies only after a purchase contract has been signed by a bona fide purchaser.
anyone upon request.
Option B is incorrect because providing the report to anyone upon request would create an impractical burden for subdividers and isn't required by California law. The law has specific parameters around when and to whom the report must be provided.
only bona fide purchasers who have signed a purchase contract.
the salespeople they employ.
Option D is incorrect because while subdividers must maintain copies for their own records and provide them to salespeople, they are not required to give copies to their salespeople as a primary obligation. The duty is specifically to prospective purchasers under contract.
Why is this correct?
Option C is correct because California law specifically requires subdividers to provide the public report only to bona fide purchasers who have signed a purchase contract. This timing ensures that prospective buyers have the information when they're committed to the purchase, balancing consumer protection with practical business operations.
Continue Learning
Explore this topic in different formats
More Real Estate Math Videos
Continue learning with related video lessons
Annual property taxes are $4,380. The property closes on March 15. If the seller has NOT paid taxes for the current year, how much does the seller owe at closing? (Use 365 days)
3:08 • 0 views
The return of land to the grantor or grant- or’s heirs when the grant is over is BEST described as
2:48 • 0 views
A property sells for $325,000. If the commission is 6%, split equally between listing and selling brokers, what does each broker receive?
2:42 • 0 views
Property taxes on a Texas home are $6,000 per year. The sale closes on April 1. How much does the seller owe for prorated taxes?
2:56 • 0 views
A property is assessed at $250,000. The tax rate is $2.50 per $100. What is the annual tax?
2:50 • 0 views
Ready to Ace Your Real Estate Exam?
Access 2,000+ free video lessons covering all 11 exam topics.