IREM Certified Property Manager (CPM) Practice Test

The distinction between a declarant and a developer primarily revolves around their roles and responsibilities in the context of property development and sales. A declarant is typically a person or entity that creates a declaration for a property, often in a planned community or condominium, and may establish the rules, restrictions, and regulations that govern that community. This person or entity is responsible for filing the necessary documentation to legally authorize the community's formation and manage it up to a certain point.

On the other hand, a developer is primarily concerned with the physical development of the property. While a developer may also be a declarant, it is not a requirement. The declarant does not have to be the builder of any structures; they may simply be involved in the administrative and regulatory aspects of establishing the community. This distinction emphasizes that while the declarant is associated with the legal and organizational components, the developer is focused on construction and may not have direct input in all the legal aspects addressed by the declarant.

This understanding clarifies the roles involved in property development and helps ensure that those engaging in the process recognize who is responsible for what components of community creation and oversight.