IC 32-21-16.5-3 — "Unlicensed real estate solicitor"
Chapter 16.5. Solicitation of Real Estate Sale or Purchase by an Unlicensed Real Estate Solicitor
Section text
Sec. 3. 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.
As added by P.L.47-2024, SEC.3.
Source: official publisher (2026 edition)