HB 2624 Initials PB Page 1 Commerce ARIZONA HOUSE OF REPRESENTATIVES Fifty-seventh Legislature First Regular Session HB 2624: timeshare salespersons; licensure Sponsor: Representative Weninger, LD 13 Committee on Commerce Overview Establishes requirements and qualifications for a timeshare salesperson license. History The Arizona Department of Real Estate (ADRE) protects the public interest through licensure and regulation of the real estate profession in Arizona. ADRE, under direction of the Real Estate Commissioner (Commissioner), is responsible for: 1) licensing and regulating real estate, cemetery and membership camping salespersons and brokers; 2) investigating complaints from the public and licensees regarding real estate transactions; 3) ensuring enforcement of real estate statutes and rules; 4) providing proper educational material to guide and assist the public and licensees; 5) issues public reports for timeshares, subdivisions and unsubdivided land; and 6) inspects brokers’ records and transactions to ensure compliance with statutory requirements. Any person who sells, offers to sell or attempts to solicit prospective purchasers located in this state to purchase a timeshare interest or any person who creates a timeshare plan with an accommodation in this state, whether or not the plan is sold or offered for sale in this state, must register a notice of intent to sell and application for a public report with ADRE (A.R.S. § 32-2197.02). Provisions 1. Allows the Commissioner to adopt rules specifying the requirements of examination preparation courses for timeshare salesperson license applicants. (Sec. 3) 2. Limits the preparation course and timeshare examination to specific real estate laws, regulations and business practices and ethics that are directly related to the sale of timeshare interests. (Sec. 3) 3. Instructs the Commissioner to ascertain that a timeshare salesperson license applicant meets outlined qualifications. (Sec. 3) 4. Exempts a timeshare salesperson renewal applicant from submitting to an examination provided the application is made within 12 months after the license expires and the license has not been canceled, terminated or suspended. (Sec. 3) 5. Allows a real estate broker or salesperson to engage in timeshare sales activities without being separately licensed. (Sec. 4) 6. Includes timeshare sales to the list of categories in which a real estate licensee may have only one employing broker. (Sec. 4) ☐ Prop 105 (45 votes) ☐ Prop 108 (40 votes) ☐ Emergency (40 votes) ☐ Fiscal Note HB 2624 Initials PB Page 2 Commerce 7. Clarifies it is unlawful for a person to act as a real estate broker or salesperson, timeshare salesperson, cemetery broker or salesperson or membership camping broker or salesperson while the licensee's license is expired. (Sec. 5) 8. Allows the Commissioner to issue a onetime 30-day certificate of convenience to a person who has applied and qualifies for a timeshare salesperson's license without examination. (Sec. 6) 9. Instructs an employing timeshare plan developer's designated broker to certify that the timeshare salesperson applicant will be trained in applicable timeshare and contract laws before participating in any offer or sale. (Sec. 6) 10. Applies statutory grounds for denial of a license to a timeshare salesperson applicant. (Sec. 7) 11. Defines timeshare salesperson as a natural person who acts under the supervision of a licensed real estate broker to sell or exchange timeshare properties on behalf of a timeshare plan developer or other person. (Sec. 1) 12. Makes conforming changes. (Sec. 2) 13. Contains a legislative intent clause. (Sec. 8) 14. Contains a delayed effective date of July 1, 2026. (Sec. 9)