"Unlicensed real estate solicitor"

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.