(a) Anyone in violation of the provisions of this article shall be guilty of a misdemeanor and upon conviction thereof shall be punishable as provided by Section 1-7 of this Code.

(b) No sale or exchange of residential property shall be invalidated solely because of the failure of any person to comply with any provisions of this chapter unless is an act or omission which or would be a valid ground for recession of such sale or exchange in the absence of this chapter. (Ord. No. 2219 (NCS), § 1.)