Section 3 — Fair Market Participation and Offer Integrity
Purpose
To ensure that every person has equal opportunity to participate in real estate and asset markets without unfair competition or artificial price escalation.
Certified Offer Registry (COR)
- All property, rental, or lease offers must be logged in the Certified Offer Registry, a publicly accessible database managed by the Office of Affordability Oversight.
- Each bid is timestamped and digitally verified to prevent falsified competition.
- Bidders may withdraw offers within 48 hours without penalty.
- Sellers must confirm final accepted bids through COR before closing.
Anti-Bot and Automation Controls
- Automated bidding, offer-sniping, and AI-based price manipulation tools are strictly prohibited.
- Companies using automated investment systems must register their software with the Office of Affordability Oversight.
- Violations result in suspension of brokerage or listing privileges for 12 months minimum.
Digital and Physical Scope
- The same affordability rules apply to both physical property and digital property (including domain names, digital land parcels, or online rental assets).
- Digital assets sold through blockchain or online platforms must follow the same registry, taxation, and verification protocols as physical assets.
Equal Advertising Reach
- Listings must appear on at least two public registries or one state-certified listing platform accessible by all residents.
- Marketing exclusively to corporate or investor entities violates equal access principles.
- Private sale exceptions (family transfers, inheritance) are exempt.
Fairness in Bidding and Negotiation
- Sellers may not claim “competing offers” unless documented in the COR.
- “Bidding wars” are capped at 10% above the listed RACV; anything higher must be reviewed for legitimacy.
- If multiple buyers meet the same offer threshold, priority follows the Resident Priority Ladder:
- Local full-time residents
- In-state residents
- Domestic buyers
- International or corporate entities