SECTION .0600 ‑ PROGRAM BROKER

21 NCAC 58B .0601          DESIGNATION OF PROGRAM BROKER

(a)  The developer shall designate a program broker for each registered timeshare program. The developer shall file with the Commission an Affidavit of Timeshare Program Broker available on the Commission's website and shall set forth the timeshare program's:

(1)           name and registration number;

(2)           program broker's name, business and email address, real estate license number, telephone number, and notarized signature.

(b)  The developer shall file with the Commission a new Affidavit of Timeshare Program Broker within 10 days of any change in the program broker.

(c)  Brokers licensed pursuant to 21 NCAC 58A .1800 and provisional brokers as defined in G.S. 93A-4(a1) shall not be designated as a program broker.

History Note:        Authority G.S. 93A-9; 93A-41(24); 93A‑51; 93A-58(d);

Eff. February 1, 1998;

Amended Eff. April 1, 2006; July 1, 2004;

Pursuant to G.S. 150B-21.3A, rule is necessary without substantive public interest Eff. May 1, 2018;

Amended Eff. July 1, 2022.