P.R. Laws tit. 31, § 1269b
For purposes of §§ 3026 et seq. of Title 30, known as the “Act to Regulate the Real Estate Business and the Profession of Real Estate Broker, Salesperson or Companies in Puerto Rico” the purchase and sale, promise to sell, option to buy and exchange of an accommodation, a timeshare or vacation club right coupled with a special property interest shall be deemed to, respectively, constitute the purchase and sale, promise to sell, option to buy and exchange of real property; and the lease of an accommodation and the purchase and sale or lease or the transfer of the right-to-use of a right-to-use timeshare, vacation club right, however evidenced or documented, shall be deemed to constitute the lease of property.
No seller of accommodations, timeshares or vacation club rights related to a timeshares property located in Puerto Rico shall be subject to the provisions of § 3035 of Title 20, which require that all partners or shareholders of a real estate company hold a real estate broker’s license.
No seller of vacation club rights in a vacation club having a component site in Puerto Rico, though it may have one or more component sites outside of Puerto Rico, shall be subject to the following provisions of §§ 3025 et seq. of Title 20:
(a) Subsections (j), (k), (m), and (p) of § 3026 of Title 20;
(b) Section 3034(i) of Title 20;
(c) Subsections (a) and (b) of § 3035 of Title 20 requiring that all the partners or shareholders of a real estate company hold a real estate broker’s license.
(d) Sections 3044, 3046—3053 and 3055 of Title 20;
(e) Section 3057(b) of Title 20 [excepting the last paragraph of said section]; and
(f) Section 3060(b) of Title 20.
History —Dec. 26, 1995, No. 252, § 13-104; Jan. 5, 1999, No. 3, § 43; renumbered as § 14-104 on July 29, 2010, No. 106, § 10.