Problem
KB Homes seeks to subdivide a large plot of land to build new homes. In California
i. If KB Homes wants to start advertising immediately, which type of Public Report should it seek? Why?
ii. If KB Homes wants to be able to enter into purchase agreements and close escrow, what type of Public Report does it need.
iii. In you own words, what are the advantages and disadvantages of the three types of Public Reports?