The proposed bill, if enacted, 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 applicants must demonstrate knowledge of relevant real estate laws and ethics, and it exempts renewal applicants from re-examination if they apply within 12 months of their license expiration. Additionally, it permits real estate brokers and salespersons to engage in timeshare sales without needing a separate license.

Furthermore, the bill clarifies that it is unlawful for individuals to act as real estate professionals, including timeshare salespersons, while their licenses are expired. It allows the Commissioner to issue a temporary 30-day certificate for timeshare salesperson applicants who meet certain qualifications without undergoing an examination. The legislation aims to streamline the licensing process while ensuring that all timeshare transactions are conducted under the supervision of a licensed real estate broker, thereby enhancing consumer protection in the timeshare market. The act is set to take effect on July 1, 2027.

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