20:69:13:01Definition

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.

Source: 10 SDR 121, adopted May 17, 1984, retroactively effective January 1, 1984; 12 SDR 151, 12 SDR 155, effective July 1, 1986; transferred from § 20:56:21:00, August 16, 1993.