Which document is issued by the state real estate commissioner to help protect purchasers of subdivision plots?

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20-09-2022
Computers and Technology

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Which document is issued by the state real estate commissioner to help protect purchasers of subdivision plots?

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zhellaley zhellaley · Answer 1 · 2022-09-23T10:34:18-04:00

Public report is a document that the state real estate commissioner issues to assist in protecting buyers of subdivision plots.

The state real estate commissioner issues a public report following application and approval to satisfy the disclosure requirements of the Subdivided Land Laws to stop fraud and misrepresentation when selling subdivided land to buyers.

The Public Report will typically include information about the applicant's name, the subdivision's location and size, utility, school, tax, management, maintenance, and operational costs, as well as any unusual easements, rights of way, setback requirements for vacant land offerings, and restrictions or conditions.

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