A. “Agreement of sale” means any agreement or written instrument which provides that title to any property shall thereafter be transferred from one owner to another owner, including a lease with option to buy.

B. “Buyer” means any person, copartnership, association, corporation, fiduciary or other legal or business entity which intends to sign an agreement or instrument which on its face appears to be legally binding or is intended to be legally binding, subject to specified conditions. Such agreement or instrument shall include, but is not necessarily limited to, a deposit receipt, seller’s instructions, contract of sale, exercise of option to buy or executed deed when there is no prior written agreement.

C. “Owner” means any person, copartnership, association, corporation, fiduciary or other legal or business entity having legal or equitable title or any interest in any residential property, or any realtor, real estate broker or agent representing such owner.

D. “Residential property” means all improved real property which is, or by virtue of the zoning thereon, may be used for residential purposes. (Ord. 81-8 § 1, 1981)