Final answer:
A developer can avoid being subject to the Interstate Land Sales Full Disclosure Act by limiting their project to fewer than 100 lots, offering lots that are 20 acres or larger, or selling the lots to builders instead of consumers.
Step-by-step explanation:
The developer planning a new retirement home project in Florida should carefully structure their project to ensure it does not fall under the purview of the Interstate Land Sales Full Disclosure Act (ILSFDA).
This law requires developers to register subdivisions of 100 or more non-exempt lots with the U.S. Department of Housing and Urban Development (HUD) and furnish a report to prospective buyers.
To avoid being subject to ILSFDA, the developer may consider limiting the number of lots to fewer than 100, offering lots that are 20 acres or larger, or the sale of the lots could be structured in a way where the act does not apply, such as selling to builders or developers instead of the actual consumers.