Final answer:
Renewal of subdivision approval by the Real Estate Commissioner is possible if all lots have not been sold within the specified period, subject to local regulations.
Step-by-step explanation:
The renewal of a subdivision approval by the Real Estate Commissioner is available if all the lots have not been sold within a certain period of time, which can vary based on local regulations and statutory requirements. Typically, subdivision approvals are granted for the development and sale of new housing units within a specific period.
If the developer is unable to sell all the lots within that period, they may need to apply for a renewal with the real estate regulatory body, such as the Real Estate Commissioner, to extend their approval and continue marketing and selling the properties.