37-53-301. Licensure of timeshare brokers and timeshare salespersons. (1) (a) A person offering timeshare units for his own account or for the account of others must be licensed as a timeshare salesperson or timeshare broker unless the offering is exempt under 37-53-205. Licensure may be obtained:
     (i) upon completion of an application and personal disclosure statement and passage of an examination prescribed by the board demonstrating knowledge of the timeshare industry and this chapter; and
     (ii) upon successful completion of a course of education related to the timeshare industry that has been approved by the board.
     (b) The board shall then issue a certificate of completion to the applicant.
     (2) A person licensed as a real estate broker or salesperson under Title 37, chapter 51, may act as a timeshare salesperson or timeshare broker upon successful completion of a course of education related to the timeshare industry that has been approved by the board. The board shall then issue a certificate of completion to the applicant. No license other than that issued pursuant to Title 37, chapter 51, is required.

     History: En. Sec. 12, Ch. 444, L. 1987.