Question

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) The agent must disclose to all purchasers he/she has a license.
(c) The agent must register with the R. E. Division
(d) A special license is needed to market timeshares.

Answer 1

A special license is needed to market timeshares.

Step-by-step explanation:

The correct answer is (d) A special license is needed to market timeshares.

Timeshare sales involve selling fractional ownership or the right to use a property for a specified period each year. Since this is a specialized area of real estate, agents must hold a special license to market timeshares.

For example, in the United States, many states require a specialized license or registration to sell timeshare interests. This ensures that agents have the necessary knowledge and understanding of the unique regulations and requirements associated with timeshare sales.