Category: DRE

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You WANT a Public Report

Although the State of California Business and Professions Code 11010.4 releases developers from the Public Report requirements if all criteria are met, a Public Report

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635A Application

When you need to get somewhere fast… use the Hennessy Venom F5.  When you need to amend a public report fast… use the 635A. Public

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Cost Centers

When a common-interest subdivision includes common facilities or services that are provided to a limited number of lots or units as a special benefit available

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How Do You Know if You Need a Public Report?

Everyone knows that subdivisions located in the city limits, with no homeowners associations or common areas, where the developer is selling only completed homes, are exempt from the public report process. The important thing to note, is that they are NOT entirely exempt from Bureau of Real Estate (BRE) jurisdiction. What exactly does the BRE have jurisdiction over in this type of development?

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Public Report

Limited Term Public Reports

Many of our clients are wary about turning over control of the project entry to the HOA too early in the project’s sale-out phase. Once an improvement is owned by the HOA, it is their responsibility to maintain it, and the Subdivider often prefers to maintain it at a higher level than the HOA would.

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