21 NCAC 58B .0601. DESIGNATION OF PROJECT BROKER

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The developer of a registered timeshare project shall designate for each project subject to the developer's control a project broker by filing with the Commission an affidavit on the form prescribed. The developer may from time to time change the designated project broker by filing a new designation form with the Commission within 10 days following the change. A broker licensed under the provisions of Section .1800 of Subchapter 58A shall not be designated as a project broker. Provisional brokers shall not be designated as a project broker.

History Note: Authority G.S. 93A‑41(7a); 93A‑51; 93A‑58(c); 93A-9;

Eff. February 1, 1998;

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

                    
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