What must Sally do to sell condominium units in a nearby project?

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!

To sell condominium units in a nearby project, Sally must work under a real estate broker and register with the Housing and Land Use Regulatory Board (HLURB). This requirement is in place to ensure that all real estate transactions are conducted by qualified professionals who are licensed and regulated, thereby protecting both the sellers and buyers involved in the sale.

The broker serves as a necessary intermediary, possessing knowledge of local market conditions, legal requirements, and sales strategies that are essential for successfully managing transactions in real estate. Additionally, registering with HLURB is a legal requirement for real estate practitioners in the Philippines, providing a level of oversight and ensuring adherence to rules and regulations governing property sales, including condominiums.

While obtaining a title is crucial for the ownership of real estate, it is not specifically necessary for someone selling units on behalf of a developer. Similarly, registering with the developer or advertising on social media are steps that may be involved in the sales process but do not meet the critical legal requirements needed to operate as a real estate agent. These alternate approaches do not ensure compliance with the legal framework governing real estate transactions, which is why working under a licensed broker and registering with HLURB is the correct course of action.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy