California Business and Professions Code

§ 11018

BPC § 11018Div. 4 · Part 2 · Ch. 1 · Art. 2

Statute text

The Real Estate Commissioner shall make an examination of any subdivision, and shall, unless there are grounds for denial, issue to the subdivider a public report authorizing the sale or lease in this state of the lots or parcels within the subdivision. The report shall contain the data obtained in accordance with Section 11010 and which the commissioner determines are necessary to implement the purposes of this article. The commissioner may publish the report. The grounds for denial are:

(a)Failure to comply with any of the provisions in this chapter or the regulations of the commissioner pertaining thereto.

(b)The sale or lease would constitute misrepresentation to or deceit or fraud of the purchasers or lessees.

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Legislative history

Amended by Stats. 1971, Ch. 1686.