(Note: This section is effective July 1, 2026.) Definitions

As used in this section and sections 20-329bbb to 20-329hhh, inclusive: (1) “Commissioner” means the Commissioner of Consumer Protection; (2) “Department” means the Department of Consumer Protection; (3) “Person” has the same meaning as provided in section 20-311; (4) “Prospective seller” means any person who communicates with a real estate wholesaler in contemplation of entering into a real estate wholesale contract; (5) “Real estate broker” has the same meaning as provided in section 20-311; (6) “Real estate salesperson” has the same meaning as provided in section 20-311; (7) “Real estate wholesaler” means a person who enters into a real estate wholesale contract for the purpose of facilitating or orchestrating the sale of a seller's residential real property to a third party without assuming title to such property; (8) “Real estate wholesale contract” means an agreement between a real estate wholesaler and the seller of residential real property in which the real estate wholesaler agrees, or reasonably expects or intends, to, for compensation and without assuming title to such property, facilitate or orchestrate the sale of such property to a third party; and (9) “Residential real property” has the same meaning as provided in section 20-311.