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Promoter. Natural or legal person who takes the initiative to promote homes for sale. Therefore, it decides, schedules and finances the building works. The financial resources can be their own or others. This promoter concept includes the owners who build for their own benefit, the communities of owners and the housing cooperatives.
The real estate developer is responsible for some strategic decisions such as the purchase of the site, request for administrative authorizations and contracting of the building.
The home developer is obliged to comply with everything advertised, linking the construction company with the buyers as if it were a contract. Thus, it is very important that the publicity that is delivered to buyers, about newly built homes, is preserved (advertisements and promotion brochures) in case any claim has to be made later in a friendly or judicial way.
Annex: Obligation of the property seller to provide data to the buyer: