What type of sale is exempt from obtaining a registration certificate from HLURB?

The type of sale that is exempt from obtaining a registration certificate from the Housing and Land Use Regulatory Board (HLURB) is the sale of a subdivision lot by the original purchaser. This exemption is based on the principle that once an individual has purchased a lot from a developer, they are allowed to sell that property without the additional regulatory burden of obtaining a new registration certificate. The original purchaser has already complied with the necessary legal requirements to obtain the title and ownership rights, thus allowing them the freedom to transfer that ownership without further oversight.

In contrast, sales that involve memorial lots, farmland by developers, and purely residential condominium units tend to require registration as they are typically part of ongoing business activities conducted by developers or are structured in ways that necessitate additional regulatory scrutiny to protect consumers and ensure proper development. These categories involve different regulatory frameworks that ensure developers adhere to guidelines aimed at consumer protection, transparency, and the overall integrity of the housing market.