Can a public offering statement be used for promotional purposes before registration?

The correct choice states that a public offering statement can only be used after registration and must be provided in its entirety. This is essential because the public offering statement is a critical document designed to inform potential purchasers about the property, including details of the development, the rights and obligations of buyers, and other relevant information.

Using this document before it is registered poses significant risks, as the information may not yet be verified or complete. It is crucial to ensure that buyers receive accurate, complete information prior to any financial commitment. This protects consumers by providing them with a fully reviewed and approved account of the development, ensuring that marketing materials are not misleading or incomplete.

By limiting the use of the public offering statement to after registration and in its entirety, the law ensures consumer protection and integrity in real estate transactions, which is vital for maintaining trust in the market.