Q; Transactional Size Limits

Q: What would happen if plaintiff bought a $500,001+ piece of land, then later built a house on it? Would this be covered?


I'd look at it this way.

What does the statute say about the transactional size limits - something roughly like "a transaction" or "series of transactions."

Seems to me the most likely approach would be to ask:

How many "transactions" were there? Was the purchase of the raw land and the construction of the house really a single transaction? Or, were there really two transactions?

Sounds rather fact specific to me, leaving plenty of room for argument based on the facts.