What is a final public report?

What is a final public report?

The Subdivision Final Public Report (“Public Report”) is a disclosure statement for the public which permits the sale or lease of lots, parcels or units within a subdivision.

What is a DRE report?

The DRE ensures that subdividers comply with real estate and subdivided lands laws when offering new homes or lots for sale and deliver to buyers what was agreed to at the time of purchase. Before marketing new subdivisions in California, subdividers must obtain a public report from the DRE.

What is receipt of public report?

The Laws and Regulations of the California Real Estate Commissioner require that you as a prospective purchaser or lessee be afforded an opportunity to read the public report for this subdi- vision before you make any written offer to purchase or lease a subdivision interest or before any money or other consideration …

What law applies to the subdivision of any parcel of property in California?

The two basic California subdivision laws are the Subdivision Map Act (Government Code Sections 66410, et seq.) and the Subdivided Lands Law (Sections 11000 – 11200 of the Business and Professions Code; hereinafter, the Code).

What are the example of public report?

Some common types of public records include birth records, death records, licensing records, court records, budgets, reports, statistical data, meeting minutes, and voting records.

What is the purpose of a public report?

A Subdivision Disclosure Report (Public Report) is intended to point out material information about a subdivision. Subdividers (any person who offers for sale or lease six or more lots in a subdivision or who causes land to be divided into a subdivision) are required to give buyers a Public Report.

What do drug recognition experts look for?

The officer will question the driver about their health, recent digestion of food, alcohol, drugs, and prescribed medications, while observing the driver for coordination and speech. Also during this examination, the officer looks for horizontal gaze nystagmus (HGN) and takes their pulse for the first time.

What requires that all listings be in writing?

The Statute of Frauds has been adapted to some extent by all states. One contract that the Statute of Frauds requires to be written is a sale of land or real estate. Although state laws vary, all include some type of writing requirement for sales or transfer of land or real estate.

What is the purpose of the Subdivided Lands Law?

The Subdivided Lands Act is a consumer protection statute primarily intended to ensure adequate disclosures are made. The Subdivided Lands Act regulates public offerings of land in subdivisions for sale or lease and is interpreted and enforced by the California Department of Real Estate.

Who regulates subdivisions in California?

California Government Code
The California Government Code – Subdivision Map Act (GC Section 66410 et seq.) regulates the subdivision of real property. The Revenue and Taxation Code (RTC Section 11511) also allows a County Assessor/ Tax Collector to subdivide a parcel and sell the “sufficient” part through a tax foreclosure auction.

Which of the following is not really a deed?

Which of the following deeds are not really deeds at all? Trustee’s Deed is given to the buyer of property at a trust deed foreclosure sale, and a Land Patent is used by the government to grant public land to an individual. A Trust Deed is not a deed.

Is the final public report required by law?

This Report is the only Public Report that is actually required by law. The Final Public Report allows the subdivider to market the subdivision; to take deposits, and to open and close escrows. The Final Public Report is issued for a term of 5 years but may be amended without renewing for a full five-year term.

What does a subdivision final public report mean?

The Subdivision Final Public Report (“Public Report”) is a disclosure statement for the public which permits the sale or lease of lots, parcels or units within a subdivision.

How long does the California Department of real estate public report last?

Every public report issued by the Department of Real Estate contains an expiration date. In most cases, the Final “White” Public Report is valid for five years. It is important that a current and valid Public Report be maintained during the advertising and sales phases of the development.

What is the purpose of the public report?

The public report has a second function besides ensuring compliance with affirmative standards. The public report discloses significant consumer information about the particular subdivision for which it is issued.