Wednesday, May 30, 2018

Where's Your License?

I'm happy to reprint this information which comes from our good friends at Inside The Gate.

Very few consumers bother to find out if the salesperson they're dealing with is licensed and what the licensing requirements for sellers are when purchasing a timeshare,  Remember that the person asking the questions is in control  Make certain that's YOU.

STATES WHERE NO SPECIAL LICENSE IS REQUIRED TO SELL TIMESHARE:
  • MAINE: Maine Real Estate Commission. No license required. FAX 207/624-8637 -Phone 207/624-8603
    Website: http://www.state.me.us/…
  • MISSOURI: Under Missouri state law, timeshares are defined as merchandise and fall within the guidelines of Missouri’s Merchandising Practices Act, Chapter 407.600, Missouri Revised Statutes. No Timeshare or RE License required. For more information visit the MO-AG website
    For info about real estate issues:
    Website: http://pr.mo.gov/realestate.asp
  • OKLAHOMA: The Securities Commission regulates Timeshare sales and dealers in Oklahoma. No special license required.
    Website: http://www.securities.ok.gov/
  • TEXAS: Texas Real Estate Commission. No special license required.  If the sales agent is an employee of the owner of the timeshare, the employee would not be required to be licensed. [Rule 535.5(d)] Otherwise, the sales agent needs to be licensed
    Website: https://www.trec.texas.gov/search/node/timeshare
  • VIRGINIA: Virginia Dept. of Professional & Occupational Regulation. No special license required. Phone: 804/367-8526
    Website: http://www.dpor.virginia.gov/

STATES WHERE SOME KIND OF SPECIAL TIMESHARING SALES LICENSE IS REQUIRED:
  • LOUISIANA: Louisiana Real Estate Commission. Must be registered as a timeshare interest salesperson, unless you are already a licensed RE Agent.
    Website: www.lrec.state.la.us/
  • TENNESSEE: Tennessee Real Estate Commission. Timeshare salesperson license required. A timeshare salesperson must be affiliated with a licensed real estate firm which is affiliated with a registered timeshare development. A license is required to be issued by the Tennessee Real Estate Commission to engage in the activities of a Timeshare Salesperson.
    Website: https://apps.tn.gov/licenses-app/view?id=984
  • UTAH: Utah Division of Real Estate. According to Utah law, all individuals who market, offer, or sell interests in a timeshare or camp resort project in the state of Utah must register as a timeshare salesperson with the Utah Division of Real Estate. To register as a salesperson, submit to the Division:
    Website: http://realestate.utah.gov/timeshare/…

EVERYWHERE ELSE:
  • ARIZONA: Department of Real Estate. RE License required. FAX 602/468-0562 – Phone 602/468-1414
    Website: http://www.re.state.az.us
  • ARKANSAS: Arkansas Real Estate Commission. RE License required. FAX 501/683-8020 – Phone 501/683-8010
    Website: http://www.state.ar.us/arec
  • CONNECTICUT: Real estate issues concerning timeshares are regulated by the Department of Consumer Protection. RE License required.
    Website: http://www.state.ct.us/dcp/
  • GEORGIA: Georgia Real Estate Commission. RE License required. FAX 404/656-6650 – Phone 404/656-3916
    Website: http://www.grec.state.ga.us
  • KANSAS: There don’t seem to be any timeshare resorts in Kansas, but for your convenience here is information for the Kansas Real Estate Commission.
    Website: https://www.krec.ks.gov/
  • KENTUCKY: Kentucky Real Estate Commission. RE License required FAX 502/426-2717 – Phone 502/425-4273
    Website: http://krec.ky.gov/
  • NORTH CAROLINA: North Carolina Real Estate Commission. RE License required. Phone 919/875-3700
    Website: https://www.ncrec.gov/
  • NORTH DAKOTA: There don’t seem to be any timeshare developments in North Dakota, but for your convenience: North Dakota Real Estate Commission. (Does not specifically reference timesharing.)
    Website: http://www.realestatend.org/

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