§ 22-1402 Market value disclosure required.
AC § 22-1402
a. A purchaser making an unsolicited offer to an owner or such owner’s agent must disclose to such owner or agent the market value of the residential property for which such offer is being submitted. b. A purchaser making an unsolicited offer to an owner or such owner’s agent must also disclose to such owner or agent the right of such owner or agent to acquire an independent appraisal of the value of the residential property. c. If such offer is submitted in writing, the disclosure required by subdivisions a and b of this section must be included in a clear and conspicuous location in such writing, of the same font size as the offer, and printed in a color that sharply contrasts with the print surrounding it. If such offer is submitted orally, the purchaser submitting such offer must provide a written document to the owner or such owner’s agent that clearly and conspicuously contains the information required by subdivisions a and b of this section, with the same font and color requirements set forth in this subdivision. d. The provisions of this chapter may be enforced by the city sheriff no later than 1 year from the date of a violation of this chapter. (L.L. 2025/025, 3/15/2025, eff. 7/13/2025)
