Section 514E-2 - Status of property(a) The temporal division of any interest in real property shall not, in and of itself, affect its status as real property.(b) Whether a time share plan is a time share ownership plan or time share use plan, for purposes of chapter 467 a time share interest shall constitute "real estate" and the offer or sale thereof shall constitute the offer or sale of an interest in real property.L 1980, c 186, pt of §1; am L 1981, c 81, §9