Pennsylvania Code
Title 49 - PROFESSIONAL AND VOCATIONAL STANDARDS
Part I - DEPARTMENT OF STATE
Subpart A - PROFESSIONAL AND OCCUPATIONAL AFFAIRS
Chapter 35 - STATE REAL ESTATE COMMISSION
Subchapter E - STANDARDS OF CONDUCT AND PRACTICE
REAL ESTATE DOCUMENTS
Section 35.338 - Disclosure summary for time-share estates
Current through Register Vol. 54, No. 44, November 2, 2024
The disclosure summary for time-share estates shall be in the following format:
CONSUMER NOTICE THIS IS NOT A CONTRACT
(LICENSEE) HEREBY STATES THAT WITH RESPECT TO THIS PROPERTY, (DESCRIBE PROPERTY) I AM ACTING IN THE FOLLOWING CAPACITY: (CHECK ONE)
(I) OWNER OF THE PROPERTY;
(II) A DIRECT EMPLOYEE OF THE OWNER; OR
(III) AN AGENT OF THE OWNER PURSUANT TO A PROPERTY MANAGEMENT OR EXCLUSIVE LEASING OR SELLING AGREEMENT.
I ACKNOWLEDGE THAT I HAVE RECEIVED THIS NOTICE:
____________
____________
(CONSUMER) (DATE)
I CERTIFY THAT I HAVE PROVIDED THIS NOTICE:
____________
____________
(LICENSEE) (DATE)
The provisions of this §35.338 issued under sections 404, 606-606.6 and 608-608.3 of the Real Estate Licensing and Registration Act (63 P.S. §§ 455.404, 455.606-455.606f and 455.608-455.608c).
This section cited in 49 Pa. Code § 35.284 (relating to disclosures of business relationships); 49 Pa. Code § 35.286 (relating to retention and production of records); and 49 Pa. Code § 35.331 (relating to written agreements generally).
