S.D. Admin. R. 20:69:13:01

Current through Register Vol. 51, page 67, December 16, 2024

Section 20:69:13:01 - Definition of time-share agent

A time-share agent is a person who works for another person for compensation and performs at least one of the following functions:

(1) Directly or indirectly lists, sells, exchanges, buys, rents, manages, offers, or attempts to negotiate a sale, option, exchange, purchase, lease, or rental of an interest or use in a time-share estate;

(2) Advertises as engaging in or holds out to be engaged in any of the activities listed in subdivision (1) of this section; or

(3) Directly or indirectly negotiates, offers, or attempts to negotiate a loan or financing for the purchase of a time-share estate.

S.D. Admin. R. 20:69:13:01

10 SDR 121, adopted May 17, 1984, retroactively effective 1/1/1984; 12 SDR 151, 12 SDR 155, effective 7/1/1986; transferred from

General Authority: SDCL 36-21A-89, 43-15B-6.

Law Implemented: SDCL 36-21A-6, 36-21A-47, 43-15B-6, 43-15B-7.