Definitions

Checkout our iOS App for a better way to browser and research.

As used in this subchapter:

  1. (1) “Housing accommodation” includes improved or unimproved real property, or a part thereof, which is used or occupied, or is intended, arranged, or designed to be used or occupied, as the home or residence of one (1) or more persons;

  2. (2) “Real estate broker or salesperson” means a person, whether licensed or not, who:

    1. (A) For or with the expectation of receiving a consideration, lists, sells, purchases, exchanges, rents, or leases real property;

    2. (B) Negotiates or attempts to negotiate any of those activities;

    3. (C) Holds himself or herself out as engaged in those activities;

    4. (D) Negotiates or attempts to negotiate a loan secured or to be secured by a mortgage or other encumbrance upon real property;

    5. (E) Is engaged in the business of listing real property in a publication; or

    6. (F) Is a person employed by or acting on behalf of a real estate broker or salesperson;

  3. (3) “Real estate transaction” means the sale, exchange, rental, or lease of real property, or an interest therein; and

  4. (4) “Real property” includes a building, structure, mobile home, real estate, land, mobile home park, trailer park, tenement, leasehold, or an interest in a real estate cooperative or condominium.


Download our app to see the most-to-date content.