implied, regarding sale of the homeowner's real property.
"Real estate developer." The following:
(1) A person who:
(i) acquires improved or unimproved real property;
(ii) improves the real property, if unimproved, with
a residential building or improves an existing
residential building on the real property; and
(iii) sells the improved real property or any
portion thereof.
(2) The term does not include a person who makes
improvements to real property that constitute the person's
primary residence if:
(i) the primary residence is a single-family
dwelling or a multiple-family dwelling that does not
exceed three stories in height and contains six or fewer
dwelling units; and
(ii) no more than one real property is sold by the
person during a calendar year.
"Real estate professional." A real estate agent, real estate
broker or real estate developer.
Section 3. Required disclosures.
At the time of contacting a homeowner, a real estate
professional, construction company or other person engaged in
acquiring real property for development, or his agent or
assignee, shall identify himself and the intended buyer of the
homeowner's real property.
Section 4. Prohibited acts.
A real estate professional, construction company or other
person engaged in acquiring real property for development, his
agent or assignee, may not use predatory tactics to solicit a
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