Florida Community Association Manager Practice Exam

What must a developer do after completing all units and no longer offering any for sale?

1. Return the property to the local government

2. Hand over the property to the members

3. Keep the property for personal use

4. Sell the property to another developer

The correct answer is: Hand over the property to the members

When a developer completes all units in a community and ceases to offer any for sale, the appropriate action is to hand over the property to the members of the community association. This process typically marks the transition of control from the developer to the homeowners, which is guided by the governing documents of the association and state laws. Upon completion of development, the developer has a responsibility to ensure that the homeowners can take over management and governance of the community. This transition is essential for fostering a sense of community ownership and involvement among the residents. Additionally, the transfer of property and control ensures that the homeowners can manage their own affairs, budget for maintenance, and make decisions about their community without developer intervention. This action also aligns with principles of community association management and is often a required step outlined in the community's governing documents, such as the declaration or bylaws.