A. It shall be unlawful to offer for sale, to offer to purchase, to agree to sell or buy, to sell or buy, or to assist in the sale or purchase of any condominium, community apartment or stock cooperative if the creation of such condominium or other form of ownership fails to comply with any provision of this chapter or the claimed compliance was procured by fraud, misrepresentation, threat or payment of sums of money not authorized by this chapter. Any such transaction is hereby declared to be contrary to public policy, and null and void.

B. All appraisals under this chapter shall be performed by a qualified appraiser hired by the City at the applicant’s expense. If the applicant desires to dispute an appraisal, the City and the applicant shall select another qualified appraiser to determine the appraisal, with the City and the applicant sharing equally in the cost. However, nothing in this section precludes the City and the applicant from agreeing based on the sales prices of comparable properties, in lieu of an appraisal. (Ord. 7025-NS § 1, 2008)