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It is an unfair act or practice for a person
(1) to represent to a purchaser or a prospective purchaser that the developer will buy back, resell, list, or otherwise dispose of purchased property, unless it is true;
(2) to induce a purchaser or prospective purchaser to buy land or execute a contract, agreement, option for consideration, or other evidence of indebtedness on the basis that if the purchaser is not satisfied, a refund will be made, unless this is true;
(3) to represent or promise a commission, bonus, discount, reward, override, or prize for referring other purchasers to the developer, where the promise or representation is similarly made to those referred.
History: Eff. 4/3/76, Register 58
Authority: AS 34.55.020
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Last modified 7/05/2006