Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
10 Cards in this Set
- Front
- Back
|
A developer or group of, who offer property for sale or lease by advertising are said to engage in ? |
Promotional land sale |
|
|
For promotional land sales to be covered under RELRA, the property must be |
Contiguous |
|
|
Which of these properties would not be covered under RELRA Property more than 25 acres Property advertised on TV Property of less than 50 lots Property marketed under a common name |
Property of less than 50 lots |
|
|
Companies who engage in promotional land sale must submit an update to the commission |
Annually |
|
|
If a property is subject to statutory exemption under the federal interstate land sales full disclosure act, then -the applicant must file a special form -registration with the commission is required by RELRA -registration with the commission is not required by the RELRA -the applicant may not perform land sales in PA |
Registration with the commission is not required by RELRA |
|
|
An application to engage in promotion land sales must include the name and address of -any owner who lives in PA -each person with interest in the property -anyone with less than 10% interest in the property -the person with the largest interest in the property |
Each person with interest in the property |
|
|
An application to conduct promotional land sales must include information regarding -sales offices outside of PA -the number of trees on each lot -drainage -other properties owned by the applicant |
Drainage |
|
|
An irrevocable consent, allowing process to be served on the Commission, musr be files by ____ who wish to conduct promotional land sales -nonresident application only -resident applications only -both resident and nonresident apps -first time apps only |
Nonresident apps |
|
|
In promotional land sales, the offering statement to the prospective purchaser must include -zoning restrictions -an aerial photo -a detailed description. Price and terms of the offer -a copy of the type of deed used |
A detailed description, price and terms of the offer |
|
|
In promotional land sales, the offering statement to the prospective purchaser does NOT include information about -developers financial assets and liabilities -the developers office -sewage disposal and public utilities -tax liabilities |
The developers office |
