Question

A subdivider must obtain a receipt for the delivery of the public report to a prospective purchaser of a subdivision lot prior to the signing of the contract by the purchaser. The receipt MUST be maintained in the office of the subdivider or broker for: Select one:

a. One year
b. Three years
c. Five years
d. Seven years

Answer 1

The receipt for the delivery of the public report must be maintained for five years.

Step-by-step explanation:

The subject of this question is Business at a High School level.

The receipt for the delivery of the public report to a prospective purchaser of a subdivision lot must be maintained in the office of the subdivider or broker for five years.

Therefore, the correct answer to this question is c. Five years.