Copy of Public Report to be Given to Prospective Purchaser

The developer or any other person offering any unit in a condominium project prior to completion of its construction shall not enter into a binding contract or agreement for the sale or resale thereof until:

(a)A true copy of the Commission's final public report thereon with all supplementary public reports, if any have been issued, has been given to the prospective purchaser.

(b)The prospective purchaser has been given an opportunity to read the reports, and

(c)The prospective purchaser executes his receipt for the reports. Receipts taken for any public report shall be kept on file in possession of the developer, subject to inspection at a reasonable time by the Commission or its deputies, for a period of three

(3)years from the date the receipt was taken.