Final answer:
The Interstate Land Sales Full Disclosure Act is administered by the U.S. Department of Housing and Urban Development (HUD), not the Federal Trade Commission (FTC).Option C is the correct answer.
Step-by-step explanation:
The agency that administers the Interstate Land Sales Full Disclosure Act is the U.S. Department of Housing and Urban Development (HUD). This Act requires land developers to register subdivisions of 100 or more non-exempt lots with HUD and to provide a disclosure statement called a Property Report to each purchaser. The purpose of the Act is to prevent fraudulent marketing practices in the sale of land and to ensure that buyers receive information before making a purchase. While the Federal Trade Commission (FTC) does protect consumers and ensure a fair competition in the marketplace, it does not regulate the Interstate Land Sales Full Disclosure Act.
The U.S. Department of Housing and Urban Development (HUD) serves as the administering agency for the Interstate Land Sales Full Disclosure Act, mandating that land developers register subdivisions of 100 or more non-exempt lots with HUD. This registration requirement is coupled with the obligation to furnish purchasers a comprehensive disclosure statement, known as a Property Report. The Act's primary objective is to curb fraudulent marketing practices in land sales, prioritizing consumer protection by ensuring that buyers are equipped with essential information before committing to a purchase. While the Federal Trade Commission (FTC) upholds consumer protection and fair competition, it does not have jurisdiction over the Interstate Land Sales Full Disclosure Act.