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;

contract signature

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Terms Used In Indiana Code 32-21-16.5-3

  • Deed: The legal instrument used to transfer title in real property from one person to another.
  • Property: includes personal and real property. See Indiana Code 1-1-4-5
(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.

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