NAC119.415. Price; predevelopment sales; discount; future price; increase in value.

     1. Advertising which refers to the purchase price of any lot, parcel, unit or interest must also clearly disclose any additional compulsory assessments or costs to the prospective purchaser.

     2. Advertising which refers to predevelopment sales being at a lower price, because the property has not yet been developed in some manner, must disclose whether there is a bona fide plan for development, and, if there is such a plan, the prospective completion date must be stated.

     3. Advertising may offer a discount which effects a reduction of the advertised price only if the discount is offered for a purchase in quantity, payment in cash, large or accelerated payment or on other reasonable grounds. The purpose of this standard is to eliminate the use of fictitious pricing and illusory discounts.

     4. Advertising must not contain statements concerning future price increases by the developer which are not specific as to the amount and the date of the increase, and a future price increase may not be alluded to unless it is bona fide.

     5. Advertising must not state that land or unit values have increased in the subdivision or the area unless the land or unit used for comparison is directly comparable to the property being advertised for sale.

     [Dep’t of Commerce, Real Estate Div., § 44, eff. 7-16-80]