Subdivision 1. Scope.
For purposes of sections
, the terms defined in this
section have the meanings given them.
Subd. 2. Prospective buyer.
"Prospective buyer" means a person negotiating or offering
to acquire for value legal or equitable title, or the right to acquire legal or equitable title, to
residential real property.
Subd. 3. Real estate licensee.
"Real estate licensee" means a person licensed under chapter
Subd. 4. Residential real property or residential real estate.
"Residential real property" or
"residential real estate" means property occupied as, or intended to be occupied as, a single-family
residence, including a unit in a common interest community as defined in section
clause (10), regardless of whether the unit is in a common interest community not subject to
Subd. 5. Seller.
"Seller" means a person who owns legal or equitable title to residential real
History: 2002 c 306 s 1