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; (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.
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