Regulation of Out of State Real Estate Sales and Dispositions

SECTION 34-38-3

§ 34-38-3. Filing requirements.

Any person or broker proposing to advertise, offer, or dispose of any subdivision or lot, parcel, unit, or interest therein in this state shall first submit to the department:

(1) Such particulars and details of the subdivision or lots, parcels, units or other interest in any subdivision to be advertised, offered, or to be disposed of as the department may by regulation require, including, but not limited to, a prospectus, property report, or offering statement embodying all the terms relative to the offering and disposition;

(2) A detailed statement of intended and proposed advertising and sale methods and techniques;

(3) A completed license application in such form as the department may require; and

(4) A filing fee of one hundred fifty dollars ($150) in respect of each subdivision to be offered or to be disposed of.

History of Section.
(P.L. 1972, ch. 56, § 1; P.L. 2004, ch. 595, art. 30, § 12.)