The proposed bill, if enacted, would amend several sections of the Arizona Revised Statutes to establish specific requirements and qualifications for obtaining a timeshare salesperson license. It introduces a definition for "timeshare salesperson" and allows the Commissioner to adopt rules regarding examination preparation courses tailored to the sale of timeshare interests. The bill also 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. Additionally, it permits real estate brokers or salespersons to engage in timeshare sales without needing a separate license and clarifies that it is unlawful for individuals to act as licensed salespersons while their licenses are expired.

Furthermore, the bill includes provisions for a one-time 30-day certificate of convenience for applicants who qualify for a timeshare salesperson's license without examination, contingent upon certification from their employing broker regarding their training in relevant laws. The legislative intent emphasizes the establishment of a distinct real estate license for timeshare sales, aiming to streamline training and examination requirements while ensuring compliance with existing regulations. The act is set to take effect on July 1, 2026.

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