Illinois Real Estate Exam Practice Question
A buyer is considering a property in one of the subdivisions of a planned unit development (PUD). The buyer noticed properties having detached garages and workshops. The buyer mentions to their agent that they want to build a detached building on the back of the lot for a home business. There is an HOA for this subdivision. Additionally, there are overarching covenants, conditions, and restrictions (CCR) for the PUD. What actions, if any, should be taken by the broker to assure the buyer can use the property as they wish?
Correct Answer: D
Rationale: To ensure the buyer can use the property as intended, obtaining the current CCRs and HOA documents is crucial. These documents outline specific rules and restrictions regarding property use, including limitations on detached buildings and home businesses.
Option A, while relevant, only addresses architectural review requirements, which are only part of the broader restrictions. Option B focuses solely on home business use but neglects the potential restrictions on building structures. Option C is misleading; just because other properties have similar structures does not guarantee the buyer's plans will be permitted. Thus, comprehensive review of CCRs and HOA documents is essential for informed decision-making.
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