The given statement " A Developer-Owned Country Club is typically held by the developer for 5-10 years after all units in the development have been sold " is FALSE
Step-by-step explanation:
Developer clubs are most defined as clubs owned by a company most often involved in the development of the accompanying property. The models of governance of such clubs are most difficult to establish.
The developer or their designated operators, such as the President, VP or GM, make all decisions with little or no input from the members in many cases. Many developers only create a model of the Advisory Board, which the developer chooses by hand.
The Consultative Board shall give the developer input and feedback from membership on the transactions.