Peter owns the elders 55 plus golf home retirement community a 2000 acre tract of undeveloped land next to a large Scenic Lake in Northern California Peter has divided the tract into 106 individual Lots ranging in size for from 10 to 15 acres and has higher several telemarketers to sell the lots to residents of California Oregon Nevada and Arizona based on these facts which statement below is true a Peter misfile a disclosure statement with HUD under the interstate land sales full disclosure act beat because Peter's project is not fraudulent it is exempt from the requirements of the interstate land sales full disclosure act see the elders 55 + Gulf home retirement community project is exempt from the interstate land sales full disclosure act because it is small development but it must comply with
Added by Montserrat G.
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Step 1: Peter has divided the tract into 106 individual lots ranging in size from 10 to 15 acres and has hired several telemarketers to sell the lots to residents of California, Oregon, Nevada, and Arizona. Show more…
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