If a timeshare development company hires a licensed real estate agent, what is required of the agent?

In the context of Utah law regarding timeshare developments, a real estate agent who is engaged in marketing or selling timeshares must take specific steps to ensure compliance with regulatory requirements.

The correct answer emphasizes that the agent must register with the Real Estate Division if they are involved in the timeshare market. This registration is necessary because timeshares often have unique legal and regulatory considerations that differ from standard real estate transactions. By requiring agents to register, the state ensures that these professionals are properly trained and adhere to the rules that govern timeshare sales, protecting both the consumers and the integrity of the market.

Other options might suggest that simply being licensed is sufficient or that disclosure is the only requirement, but that overlooks the additional regulatory framework that governs timeshare marketing in Utah. Similarly, while the idea of needing a special license to market timeshares might seem plausible, the focus is more on the registration and compliance with existing laws rather than a separate licensing requirement.