timeshare salespersons; licensure
What changed between versions
Added new definitions for 'timeshare', 'timeshare property', and 'timeshare salesperson' to clarify the scope of activities covered under the new license category.
Added specific examination requirements for timeshare salesperson licenses, including knowledge of timeshare ownership methods, contracts, and business ethics related to timeshare operations.
Created a new provision allowing the commissioner to issue a one-time 30-day certificate of convenience to timeshare salesperson applicants without requiring them to pass the full examination, provided they will be trained by their broker.
Modified license requirements and renewal provisions to include timeshare salespersons alongside cemetery and membership camping brokers and salespersons.
Set the effective date of the act to June 30, 2026, allowing time for implementation of new licensing procedures.