Pennsylvania License Law
The Pennsylvania Subdivided Land Disclosure Act requires developers selling subdivided lots to:
ARegister all lots with PREC before any marketing
BProvide buyers with a public offering statement and right of rescission for certain out-of-state buyers✓ Correct
CFile environmental impact statements for each lot
DObtain court approval before any lot sales
Explanation
Pennsylvania's Subdivided Land Disclosure Act (68 P.S. §§3101-3414) regulates the sale of subdivided lots, particularly in resort and recreational areas. Developers must provide qualifying buyers with public offering statements containing required information, and buyers may have rescission rights.
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