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A residential developer offers a contest whereby each individual who tours a model home receives a treasure box key. If the key opens the door to a model, the individual wins the home. Which of the following statements is correct?

(a) This practice is a violation of F.S. 475.
(b) This promotional program is permissible since no purchase was required.
(c) By using a lottery to promote sales, the developer is guilty of fraud.
(d) The developer must escrow the value of the most expensive model prior to offering the contest to the public.

User Onkar Kole
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It is b because a broker who uses lotteries or trading schemes involving selling certificates or chances to induce any person to buy real estate is guilty of fraud. However contestants where no purchase is required may be permissible.
User Konrados
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