Final answer:
The exemptions for developers from the requirements of REDMA include those who develop fewer than 5 strata lots, only offer industrial or commercial strata lots, sell a whole building or all units to another developer, or sell lots to family members.
Step-by-step explanation:
The exemptions for developers from the requirements of REDMA (Real Estate Development Marketing Act) are as follows:
- Exemptions for developers who develop fewer than 5 strata lots;
- Exemptions for developers who offer only industrial or commercial strata lots;
- Exemptions for developers who sell a whole building or all of the units in a development to another developer;
- Exemptions for developers who sell strata lots to family members.
These exemptions allow certain developers to be exempt from certain obligations under REDMA in specific circumstances.