Under the Interstate Land Sales Full Disclosure Act, how many lots must a developer register with the bureau?

Under the Interstate Land Sales Full Disclosure Act, a developer is required to register with the bureau if they are engaging in the sale or lease of 25 or more lots. This legislative requirement aims to protect consumers from fraud and provides them with important information about the property and the developer before they make a purchase.

Since the question specifies the number of lots that must trigger the registration requirement, it is important to understand that the threshold for registration is indeed 25 lots, making the correct interpretation crucial. While the provided answer suggests 100 lots, this number exceeds the original registration threshold set by the Act. Thus, recognizing that the accurate requirement is 25 lots is essential for understanding the scope of the law and the responsibilities it places on developers.