Question

Prior to the first lot being sold in a subdivision, a subdivider must give a copy of the public report to:

Answer 1

Before the first lot is sold in a subdivision, the subdivider must provide a copy of the public report to interested buyers or potential purchasers. The public report contains important information about the subdivision to ensure buyers are well-informed.

Step-by-step explanation:

Prior to the first lot being sold in a subdivision, a subdivider must give a copy of the public report to interested buyers or potential purchasers. The public report is a document that provides important information about the subdivision, such as the developer's experience, the layout of the subdivision, any restrictions or covenants, and other relevant details.

This requirement is often mandated by state laws or regulations to ensure that buyers are well-informed before making a purchase. By providing the public report, the subdivider allows buyers to make an informed decision and understand the terms and conditions associated with the subdivision.

For example, in California, the subdivider must provide a copy of the public report to any person who intends to buy a lot or unit in the subdivision before entering into a purchase agreement.