§ 34-38-1. Definitions. Unless the context otherwise requires, the following terms shall be construed in this chapter to have the following meanings: (1) “Broker” means a real estate broker duly licensed in this state; (2) “Disposition” or “dispose of” means any advertisement, sale, exchange, lease, assignment, award by lottery, or other transaction designed to convey […]
§ 34-38-10. Violations. Any broker or real estate salesperson, seller, or developer violating any provision of this chapter shall be guilty of a misdemeanor, and upon conviction thereof be fined not more than one hundred dollars ($100) or imprisoned for not more than six (6) months, or both, and shall in addition to any other […]
§ 34-38-11. Applicability. This chapter shall not apply to time-share interests in real estate or any phase of time-share which shall solely be governed by chapter 41 of this title. History of Section.P.L. 1984, ch. 141, § 1.
§ 34-38-2. Exemptions. (a) Unless the method of advertisement, offering or disposition is adopted or taken for the purpose of the evasion of the provisions of this chapter or the provisions of the federal Interstate Land Sales Full Disclosure Act, 15 U.S.C., § 1701 et seq., this chapter shall not apply to the making of […]
§ 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, […]
§ 34-38-4. Department investigation. The department may, prior to issuing any license under this chapter to any person or broker, fully investigate all information placed before it under § 34-38-3 and in addition it may carry out a physical examination, investigation, or inspection of any subdivision which is the subject of the application. In addition, […]
§ 34-38-5. Approval or disapproval of filing and issuance of license. The department shall, upon completion of its investigation and inspection but, in the absence of any agreement to the contrary between the applicant and the department, in any case not later than three (3) months from the receipt of the completed license application, or […]
§ 34-38-6. Requirements for offer or disposition. (a) No subdivision or lot, parcel, unit, or interest in any subdivision shall be disposed of except through a broker, provided nothing herein shall be deemed to prohibit any broker from employing any salesperson for the specific purpose of offering or disposing of, on behalf of the broker […]
§ 34-38-7. Advertisement and sale. The department may from time to time pursuant to rules and regulations issued by it regulate and approve the methods and techniques permissible and allowable by any person or broker advertising, offering, or disposing of any subdivision or lot, parcel, unit, or interest therein in this state in order to […]
§ 34-38-8. Escrow account. All money paid or advanced by a purchaser or lessee or prospective purchaser or prospective lessee in respect of any lot, parcel, unit, or interest in any subdivision, the advertisement, offering, or disposition of which is controlled by this chapter, or such portion thereof as the department may determine is sufficient […]
§ 34-38-9. Appointment of agent and service of process. No seller or developer of out of state land included under the definition in § 34-38-1 shall directly or indirectly transact any business in this state until it shall have appointed in writing the director of business regulation of this state to be its true and […]
