If enacted, this bill would amend several sections of the Arizona Revised Statutes to establish a distinct licensing framework for timeshare salespersons. It introduces a definition for "timeshare salesperson" and allows the Commissioner to set rules for examination preparation courses specifically tailored to timeshare sales. The bill also stipulates that the examination and training will focus on real estate laws and practices directly related to timeshare transactions. Additionally, it exempts renewal applicants from re-examination if they apply within 12 months of their license expiration, provided their license has not been canceled or suspended.

The bill further allows licensed real estate brokers and salespersons to engage in timeshare sales without needing a separate license, while also clarifying that it is unlawful for any individual to act as a timeshare salesperson without a valid license. It includes provisions for a temporary 30-day certificate of convenience for applicants who meet the qualifications but have not yet taken the examination. Overall, the legislation aims to streamline the licensing process for timeshare sales while ensuring compliance with existing real estate regulations.

Statutes affected:
Introduced Version: 32-2101, 32-2122, 32-2124, 32-2125.01, 32-2130, 32-2134.02, 32-2153, 32-2126, 32-2125, 33-1202, 32-2155, 32-2121, 44-1801, 32-2194.27, 32-4302, 32-2104, 32-2151.01, 32-2123, 32-4301, 32-2131, 32-2110, 32-2132
House Engrossed Version: 32-2101, 32-2122, 32-2124, 32-2125.01, 32-2130, 32-2134.02, 32-2153, 32-2126, 32-2125, 33-1202, 32-2155, 32-2121, 44-1801, 32-2194.27, 32-4302, 32-2104, 32-2151.01, 32-2123, 32-4301, 32-2131, 32-2110, 32-2132