All contracts, options, or other devices not based upon a substantial consideration, or that are otherwise employed to permit an unlicensed person to sell, lease, or let real estate, the beneficial title to which has not, in good faith, passed to such party for a substantial consideration, are hereby declared void and ineffective in all cases, suits, or proceedings had or taken under this chapter; however, this section shall not apply to irrevocable gifts, to unconditional contracts to purchase, or to options based upon a substantial consideration actually paid and not subject to any agreements to return or right of return reserved.History.

All contracts, options, or other devices not based upon a substantial consideration, or that are otherwise employed to permit an unlicensed person to sell, lease, or let real estate, the beneficial title to which has not, in good faith, passed to such party for a substantial consideration, are hereby declared void and ineffective in all cases, suits, or proceedings had or taken under this chapter; however, this section shall not apply to irrevocable gifts, to unconditional contracts to purchase, or to options based upon a substantial consideration actually paid and not subject to any agreements to return or right of return reserved.

(I first read about it here on Popular Mechanics)If anyone is looking for a gift to give me, this is it.

Don't look this gift horse in the mouth.

. = $1,650/mAssume an income potential (profit) of $100k/year for my Retail business (gift/souvenir).

It’s truly a priceless gift.

Since it was a large sum and we did not want to pay gift tax, we did it as a loan using the IRS interest rate that was effective at the time of borrowing.

Small personal touches like greeting cards during the holidays with gift cards/local gift certificates might be a good option.

My brother ended up becoming that primary renter (he’s responsible and conscientious like me), and my aunt is no longer in this picture due to her circumstances.If my grandma had sold the house and gifted us the money, my understanding is that, to avoid being taxed, she would have to gift it in increments of 14k per year, but could do four of these in one year, each grandparent to each of my wife and I, so 56k per year.

2) Gift basket/raffle ideas?