Which of the Following Is Not a Material Change That

question 36

Multiple Choice

Which of the following is not a material change that requires an amended public report?

• A) placement of a billboard on a highway showing the location of the subdivision
• B) change in the purchase contract forms
• C) readjustment of lot sizes
• D) sale of five or more lots to a single buyer

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Definitions:

Durable Power

A legal document that grants someone the authority to make decisions on another's behalf, typically in health care or financial matters, and remains in effect if the person becomes incapacitated.

Living Wills

Legal documents that express an individual's wishes regarding medical treatment in situations where they are unable to communicate their preferences.

Attorneys

Licensed legal professionals authorized to represent and advise clients in legal matters.

Probate

A court proceeding resulting in a judgment that, when recorded, vests the title to property passing under a will to the beneficiaries the same way a deed does. The will then becomes effective. The procedure is the legal process of proving that a will is valid.