Question

True/False - According to Commission Position 1 on Homebuilders - Corporations that build structures on land they own may sell the land and building together without licensing.

Answer 1

Answer: TRUE

Explanation:

HOME BUILDER 'S EXEMPTION

Under this exemption, a provision is made enabling corporations to sell both land and structure that they own if they were the ones who put up the structure.

The sale however must be made by corporate officers or regularly salaried employees.

The land and structure must also be sold as a unit and not separately