Question

A real estate developer owns several subdivisions that are in the names of different entities. Sales associates who are employed by the developer hold a group license.

a. True
b. False

Answer 1

In a proprietary colony, the Proprietors have responsibilities beyond collecting profits.

Step-by-step explanation:

In a proprietary colony, the Proprietors have no responsibilities except to collect the profits.

False. In a proprietary colony, the Proprietors not only collect the profits but also have certain responsibilities. These responsibilities may include maintaining the colony, providing for security, and enforcing laws and regulations.