Sec. 3. As used in this chapter, "unlicensed real estate solicitor" refers to a person that does not have a valid real estate license under IC 25-34.1-3. The term does not include a:
(1) home builder;
(2) nonprofit organization exempt from federal income taxation under Section 501(c)(3) of the Internal Revenue Code;
(3) governmental entity;
(4) person described under IC 25-34.1-3-2(b); or
(5) person that:
(A) inquires whether a home is available for purchase without presenting or entering into any agreement with the person that owns the home; or
(B) offers to purchase a home, or purchases a home, with the intent to:
(i) take title to the home and record the deed to the property; and
(ii) use the home as a personal residence or as an investment.