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Title 3 . Commerce, Community, and Economic Development
Chapter 20 . Land Sales
Section 250. Miscellaneous provisions

3 AAC 20.250. Miscellaneous provisions

(a) Advertising may not represent that the land offered for sale may be subdivided or resubdivided unless it includes necessary and relevant information regarding the estimated cost of future subdividing.

(b) Advertising may not infer or imply that the subdivider will resell or repurchase the land being offered at some future time unless the subdivider has agreed with the department to resell or repurchase the land for, or on behalf of, purchasers and has given reasonable assurances to the department to demonstrate his ability to perform this agreement.

(c) Advertising which refers to oil, gas or mineral rights shall disclose all pertinent facts pertaining to these rights.

(d) Advertising which uses the term"water rights" shall give a full disclosure as to the type, quantity, quality, rights of access to, costs of access to, and other costs or obligations to use the water or water rights.

(e) Advertising which refers to gifts or benefits must disclose the terms and conditions of offers in them in conspicuous print.

(f) Advertising which makes reference to the use of vacation certificates must fully and conspicuously disclose the terms and conditions of offers in them.

(g) Advertising may contain the unqualified term "development" only to describe a subdivision which has a recorded plat.

(h) Advertising may not contain the terms "guarantee" or "guaranteed refund," unless the refund is unconditional.

(i) Advertising must disclose prominently if the property, or any portion of the property, requires irrigation or other application of water to maintain or create the conditions advertised.

(j) Advertising which forecasts a future event or population trend shall be by a qualified person and shall be pertinent to the offering.

History: Eff. 4/3/76, Register 58

Authority: AS 34.55.014 (3)

AS 34.55.020


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Last modified 7/05/2006