Michigan Real Estate Exam Practice Question
For a condominium site plan that was filed and approved, which statement is true?
Correct Answer: B
Rationale: Option B is accurate as it emphasizes the importance of documenting any private tasks related to the condominium development that are not explicitly mentioned in the approved plan. This ensures transparency and accountability among stakeholders.
Option A is misleading; agreements with the secretary of state do not imply blanket acceptance of all developer actions.
Option C is incorrect; even if all units are developed within five years, planning approvals typically remain valid and necessary for compliance with regulations.
Option D misrepresents priorities; while the developer's role is significant, property planning encompasses multiple stakeholders and regulatory considerations, not just the developer's input.
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