Who Is Considered a Developer?

A developer is an individual or a business entity that, directly or indirectly, sells or leases, or offers to sell or lease, or advertises to sell or lease lots in a subdivision. Since offering or selling lots, rather than physically developing them, is a criteria for determining who is a developer, the following examples, in addition to the traditional developer, may meet the criteria:

(1) a bank offering lots obtained through a foreclosure;
(2) a corporation that acquires groups of lots in an existing subdivision for resale;
(3) an individual who buys lots at a tax sale or an auction for resale to others.