Winter v. Hollingsworth Properties, Inc.

TJOFLAT, Circuit Judge:

This suit was brought by the buyer of a condominium unit seeking rescission of its contract to purchase the unit and the return of its deposit pursuant to the Interstate Land Sales Full Disclosure Act (ILSFDA), 15 U.S.C. §§ 1701-1720 (1982). The district court granted the seller’s motion for final summary judgment, concluding that the ILSFDA is not applicable to the sale of condominiums or, if the Act does apply, this particular sale was exempt because the buyer' was in the land sales business. We reverse.

I

On July 8, 1981, Americor Realty Associates, a Florida general…