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A real estate developer owns several subdivisions that are in the names of different entities. Sales associates who are employed by the developer hold a group license.

a. True
b. False

1 Answer

1 vote

Final answer:

In a proprietary colony, the Proprietors have responsibilities beyond collecting profits.

Step-by-step explanation:

In a proprietary colony, the Proprietors have no responsibilities except to collect the profits.

False. In a proprietary colony, the Proprietors not only collect the profits but also have certain responsibilities. These responsibilities may include maintaining the colony, providing for security, and enforcing laws and regulations.

User Kate Zz
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