foreign entities; land; legislative approval

Created a new 'Foreign Entity Review Commission' consisting of the real estate commissioner, two gubernatorial appointees, and legislative leaders to review and approve or reject land sales to hostile foreign entities.

Clarified that grantors and agents must submit valid identification for grantees to the State Real Estate Department, maintaining copies of these records.

Established a civil penalty of $250,000 or 50% of the property's fair market value for violations, and defined knowing violations as a class 1 misdemeanor or class 6 felony depending on location or foreign government involvement.

Added the specific definition of 'Hostile' as an entity listed as a threat or country of concern by the Director of National Intelligence or the U.S. Department of State.