(a) This part applies to all units subject to this chapter, except as provided in subsection (b).
(b) No developer's public report shall be required in the case of:
(1) A gratuitous disposition of a unit;
(2) A disposition pursuant to court order;
(3) A disposition by a government or governmental agency;
(4) A disposition by foreclosure or deed in lieu of foreclosure; or
(5) The sale of units in bulk, as defined in section 514B‑51(b); provided that the requirements of this part shall apply to any sale of units to the public following the sale of units in bulk.