Office of Interstate Land Sales

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Barron's Business Dictionary:

Office of Interstate Land Sales

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A division of the Department of Housing and Urban Development that oversees the sale of building lots or recreational lots across state borders.

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Barron's Real Estate Dictionary:

Office of Interstate Land Sales

Top
A division of the U.S. Department of housing and urban development that regulates offerings of land for sale across state lines.
See interstate land sales act.


Example: Norwood subdivides a large land parcel in Arizona and wishes to market the lots to investors across the nation. Norwood is required to register the offering with OILSR and follow certain procedures intended to inform buyers of the characteristics of their investment.

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