Developers of 25 or more lots must provide buyers with which document before signing the sale contract?

The answer is found on the Interstate Land Sales Full Disclosure Act in its first component which is the anti-fraud provision. Developers of 25 or more lots must arrange for each purchaser with a disclosure document referred to as a property report. The property report covers appropriate information about the real estate and must be delivered to each purchaser before the signing of the contract. Purchasers who received the property report earlier to signing the contract may withdraw the contract within seven days. Purchasers who did not receive the property report before signing the contract may cancel the contract any time within two years from the date of signing. The sale and purchase contract must clearly state the purchaser's right (s) to cancel.