Purchasers are protected by requiring developers to which action?

• A. Meet requirements or approvals for the property
• B. Ensure purchasers' title
• C. File a disclosure statement in the form required by the Superintendent of Real Estate
• D. Provide insurance coverage

Answer: (C)

The action protects purchasers by ensuring developers file a disclosure statement in the form required by the Superintendent of Real Estate. This creates a standardized set of information about the property that buyers can review before deciding to buy, including terms, costs, known issues, and other important details. It helps prevent misrepresentation and gives purchasers a reliable basis for decision-making, reducing surprises at closing. The other options don’t provide the same regulatory, pre-purchase transparency: meeting property requirements or approvals is an ongoing obligation and not a standardized buyer-protection document; ensuring purchasers’ title happens through the conveyancing process, not a developer’s disclosure filing; and providing insurance coverage is a separate protection that isn’t the specific disclosure requirement used to safeguard buyers in this context.