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A timeshare development company wants to hire a licensed real estate agent to sell timeshare interests. Which of the following is true?

(a) Since the agent is licensed, no further action is needed.
(b) A special license is needed to market timeshares.
(c) The agent must register with the R. E. Division
(d) The agent must disclose to all purchasers he/she has a license.

1 Answer

5 votes

Final answer:

When a licensed real estate agent is hired to sell timeshare interests, they must register with the R.E. Division to ensure they are compliant with specific regulations related to timeshares. Option C is the correct answer.

Step-by-step explanation:

If a timeshare development company wants to hire a licensed real estate agent to sell timeshare interests, the correct answer is (c) The agent must register with the R.E. Division. It's important to understand that real estate agents, even when licensed, often need to register with the real estate division, or obtain specific approvals or additional certifications when dealing with specialized types of property like timeshares. While disclosing their license to purchasers is a good practice and sometimes mandated by law, the requirement for registration or special approval is a separate issue that specifically pertains to the sale of timeshares.

User Andre Kraemer
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