What is an exemption from the Subdivision Developer's Act?

An exemption from the Subdivision Developer's Act includes bulk sales and transfers between developers. This exemption recognizes that when developers buy and sell land in larger parcels or bulk transfers, the transactions are generally seen as business-to-business exchanges rather than consumer sales. The intent behind this is to reduce regulatory burdens on developers working within the industry, as they are typically more knowledgeable about the implications of these transactions than the general public.

To clarify why other options do not serve as exemptions: newly constructed residential developments typically require adherence to regulations to protect the public; sales of time-share units are specifically governed by their own set of laws due to their unique nature; and a subdivided lot with more than 20 units does not automatically qualify for an exemption, as it may still fall under the purview of the Subdivision Developer's Act depending on various factors, including the context of the sale and marketing of those units.