North Carolina Administrative Code
Title 21 - OCCUPATIONAL LICENSING BOARDS AND COMMISSIONS
Chapter 58 - REAL ESTATE COMMISSION
Subchapter B - TIMESHARES
Section .0600 - PROGRAM BROKER
Section 58B .0602 - DUTIES OF THE PROGRAM BROKER
Current through Register Vol. 39, No. 6, September 16, 2024
(a) The program broker shall:
(b) The program broker shall review all contracts, public offering statements and other documents distributed to the timeshare program's purchasers to ensure that the documents comport with the requirements of the Article 4 of Chapter 93 of the North Carolina Statutes and the rules adopted by the Commission, and to ensure that true and accurate documents have been given to the purchasers.
(c) The program broker shall notify the Commission in writing of any change in his or her status as program broker within 10 days.
Authority
G.S.
93A-51;
93A-58(c);
Eff. February 1, 1988;
Amended Eff. April 1, 2006; October 1, 2000;
February 1, 1989;
Pursuant to
G.S.
150B-21.3A, rule is necessary without
substantive public interest Eff. May 1, 2018;
Amended Eff. July 1,
2022.