SECTION .0600 ‑ PROJECT BROKER

 

21 NCAC 58B .0601          DESIGNATION OF PROJECT BROKER

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.