Ind. Code § 32-21-16.5-3

Current through P.L. 171-2024

Section 32-21-16.5-3 - "Unlicensed real estate solicitor"

As used in this chapter, "unlicensed real estate solicitor" refers to a person that does not have a valid real estate license under IC 25-34.1-3. The term does not include a:

(1) home builder;

(2) nonprofit organization exempt from federal income taxation under Section 501(c)(3) of the Internal Revenue Code;

(3) governmental entity;

(4) person described under IC 25-34.1-3-2(b); or

(5) person that:

(A) inquires whether a home is available for purchase without presenting or entering into any agreement with the person that owns the home; or

(B) offers to purchase a home, or purchases a home, with the intent to:

(i) take title to the home and record the deed to the property; and

(ii) use the home as a personal residence or as an investment.

IC 32-21-16.5-3

Added by P.L. 47-2024,SEC. 3, eff. 7/1/2024.