Under which condition may a developer advertise a project without a selling license?

Prepare for the Subdivision Development 2-1 Test. Study with flashcards and multiple choice questions, each providing explanations and tips. Ace your exam with confidence!

A developer may advertise a project without a selling license when they have received locational clearance. This clearance typically indicates that the project complies with local zoning regulations and is suited for the intended use. It allows the developer to begin promotional activities, as it signifies that the project has met essential preliminary assessments necessary for development, even though it may not be fully completed or licensed for sales.

In contrast, waiting for community consultations or promotional events without the necessary clearance would not provide the same legal backing for advertising activities. Furthermore, advertising a fully constructed property also requires appropriate licenses, as these ensure that all legal requirements have been satisfied prior to entering the market.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy