61-1-318. Broker. "Broker" means a person engaged in the business of offering to procure or procuring motor vehicles or who represents to the public through solicitation, advertisement, or otherwise that the person is one who offers to procure or procures motor vehicles by negotiating purchases, contracts, sales, or exchanges and who does not store, display, or take ownership of any vehicles for the purpose of selling vehicles.

     History: En. Sec. 1, Ch. 393, L. 1989; amd. Sec. 5, Ch. 482, L. 1993.