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Does a person selling timeshares need a real estate license?

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Final answer:

Selling timeshares typically requires a real estate license as they are a form of real estate; however, this varies by state. Individuals must complete education, pass an exam, and may need to work under a licensed broker. Specific state requirements should be confirmed with the local real estate commission.

Step-by-step explanation:

Whether a person selling timeshares needs a real estate license depends on the laws of the state in which they operate. Generally, timeshares are considered a form of real estate, and the sale of real estate typically requires the seller to be licensed. To obtain a real estate license, individuals must complete the required education, pass an exam, and often gain experience working under a licensed broker. Since timeshare sales involve partial, shared ownership of a property, some jurisdictions have specific licensing requirements tailored to timeshare sales.

In states where a real estate license is required for timeshare sales, operating without one may lead to legal consequences such as fines or other penalties. It is crucial for those interested in selling timeshares to consult with their state's real estate commission or a legal professional to understand the specific requirements that apply to them.

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