No developer or agent selling or offering to sell a condominium unit in any condominium development shall:
(a) Employ a device, scheme or artifice to defraud;
(b) Obtain money or property by means of an untrue statement of a material fact, by the failure to state a material fact necessary to make the statements made not misleading or by a pictorial representation which is false;
(c) Engage in a transaction, practice or course of business which operates as a fraud or deceit upon a purchaser;
(d) Make, or cause to be made, in any document required by this chapter, a statement or representation that is knowingly false or misleading;
(e) Make, or cause to be made, to a purchaser, an oral representation which differs from the statements made in any document required by this chapter;
(f) Request a tenant or purchaser to acknowledge receipt of a notice of conversion or Public Offering Statement which he or she has not received, or falsify the date of receipt;
(g) Certify falsely to having provided notices of the Public Offering Statement required by this chapter; or
(h) Employ undue pressure to induce a tenant to purchase a unit which intrudes on or prevents his or her use of his or her best judgment in deciding whether or not to purchase such unit, including the following:
(1) A direct or indirect increase or decrease in the purchase price of the unit, or the benefits offered to tenants, during any portion of the period during which the tenants are entitled to a right of first refusal pursuant to Section 1479.06(h);
(2) A false statement as to the number of standby or backup sales contracts, reservations, subscriptions or like agreements;
(3) A false statement, prior to the end of the period during which the tenant may not be evicted without cause pursuant to Section 1479.06, as to a future rent increase; or
(4) A false statement relating to any future conversion which would reduce the number of rental units available in the City.
(Ord. 79-82. Passed 12-11-79.)