Question

Sales agent Q is working with Company X who is going to buy a large parcel of land and subsequently subdivide it and sell the individual smaller parcels. Q should inform Company X

(a) X should process through the R. E. Division to determine if they need to register under the Land Sales Practices Act.
(b) Q could sell the lots for X if Q first registers with the R. E. Division.
(c) If they sell lots only, with no houses, there is no need to go through the R. E. Division. (d) They will have to register with the R. E. Division under the Land Sales Practices Act.

Answer 1

Sales agent Q should inform Company X about the requirements of registering under the Land Sales Practices Act when buying and subdividing land for sale.

Step-by-step explanation:

When working with Company X to buy a large parcel of land and subsequently subdivide it, sales agent Q should inform Company X about several important considerations:

1. If Company X wants to determine if they need to register under the Land Sales Practices Act, they should process the land purchase through the R.E. Division.
2. If Q wants to sell the smaller parcels for Company X, they need to first register with the R.E. Division.
3. If Company X plans to sell the individual lots without houses, they do not need to go through the R.E. Division.
4. However, if Company X includes houses or any other structures on the lots they sell, they will have to register with the R.E. Division under the Land Sales Practices Act.