P. O. Box 218
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The
offer
or sale of vacant residential lots or parcels in a subdivision may
be
subject to the Land Sales Practices requirements of Chapter 498,
Florida
Statutes, and may require you to be registered with Florida
Department of
Business and Professional Regulation, Division of Florida Land
Sales,
Condominiums and Mobile Homes. As a point of information, an
individual (who is
not a developer is allowed to buy a tax deed for only one lot in a
planned
subdivision for the purpose of resale. Section 498.025(1), Florida
Statutes
states: The provisions of this chapter do not apply to: (a) the
offer or
disposition of an interest in subdivided lands by a purchaser for
his or her
own account in a single isolated transaction. The Bureau of Florida
Land Sales
has stated that its concerns are with providing disclosure to
persons who are
successful bidders; and who after two years apply for a tax deed,
and who at
the courthouse public auction obtain multiple tax deeds, for the
purpose of
resale to multiple purchasers. A seller of lots in property
subdivided or
proposed to be subdivided into 50 lots or more is required to be
registered
with the Department of Business and Professional Regulation,
Division of
Florida Land Sales, Condominiums, and Mobile Homes. Also, if a
certificate
holder purchases 5 certificates in subdivision that contains 25 or
more lots,
and eventually obtained 5 tax deeds, he would be subject to the
provisions of
section 498.022, Florida Statutes, regarding standards for
transacting land
sales. Therefore, it is recommended that, when purchasing
certificates on lots
or parcels in a subdivision, the Department of Business and
Professional
Regulation, Division of Florida Land Sales, condominiums, and Mobile
Homes be
contacted at (850) 487-1395 to ascertain your responsibility with
regard to
subsequent sales transactions of lots in that subdivision.