Code of Alabama
Chapter 27 - Real Estate Brokers.
Article 3 - Vacation Time-Sharing Plans.

Section 34-27-50 - Definitions. - For the purposes of this article, the following terms shall...

Section 34-27-51 - Acts Constituting Violation of Article - Sell, etc.; Without License; Failure to Provide Certain Documents at Time of Registration; Failure to Follow Rules of Advertising. - It shall be a violation of this article for any...

Section 34-27-52 - Acts Constituting Violation of Article - Failure to Keep Certain Items Among Business Records. - It shall be a violation of this article for any...

Section 34-27-53 - Acts Constituting Violation of Article - Failure to Utilize, etc., Fully Completed Copy of Contract. - It shall be a violation of this article for the...

Section 34-27-54 - Acts Constituting Violation of Article - Failure, etc., to Honor Buyer's Request to Cancel Contract. - It shall be a violation of this article for the...

Section 34-27-55 - Acts Constituting Violation of Article - Failure to Refund All Payments; Failure to Place All Funds in Escrow Account. - It shall be a violation of this article for a...

Section 34-27-56 - Acts Constituting Violation of Article - Misrepresentation. - It shall be a violation of this article for any...

Section 34-27-57 - Acts Constituting Violation of Article - Sell, etc., Interest in Plan to Third Person That Substantially Affects Rights of Other Owners. - (a) It shall be a violation of this article for...

Section 34-27-58 - Acts Constituting Violation of Article - Failure to Place 50 Percent of Cash, etc., Received in Escrow; Failure to Provide Liability Insurance, Etc. - (a) It shall be a violation of this article for...

Section 34-27-59 - Acts Constituting Violation of Article - Failure to Disclose Total Financial Obligation, etc., in Contract. - It shall be a violation of this section for any...

Section 34-27-60 - Acts Constituting Violation of Article - Misrepresentation; Waiver of Rights of Purchasers; Sale, etc., Without License; Bad Checks. - It shall be a violation of this article for any...

Section 34-27-61 - Hearing; Refusal, Suspension, or Revocation of License; Willful Violation Defined; Escrow Deficiency. - The commission may upon its own motion, or upon the...

Section 34-27-62 - Enforcement and Implementation of Article; Acts Constituting Misdemeanors; Voidability of Sales of Unregistered Plans, Etc. - (a) The Alabama Real Estate Commission shall be responsible for...

Section 34-27-63 - Filing of Plan Relating to Units Not Substantially Completed Requires Filing of Additional Documents. - If a seller files with the commission any vacation time-sharing...

Section 34-27-64 - Registration Fees; Assessment of Costs of Investigating Violation of Article. - (a) For the registration of all vacation time-sharing plans and...

Section 34-27-65 - Proceeds From Sale, etc., of Lease Plan Exempt From Transient Occupancy Tax. - The proceeds from the sale or resale of any vacation...

Section 34-27-66 - Examination and License Requirements; Issuance and Renewal of License; Inactive Status; Change of Address. - (a) Any person desiring to act as a seller of...

Section 34-27-67 - Registration Required of Every Plan Offered for Sale. - Every vacation time-sharing plan for sale or offered for sale...

Section 34-27-68 - Commission May Seek Injunctive Relief, etc., for Violation of Article; Investigation; Revocation of Registration. - (a) If it appears that a person, firm, corporation, or...

Section 34-27-69 - Surety Bond; Suspension, etc., of License for Violation of Article; Reinstatement; Relicensure; Board Must Be Notified of Initiation, etc., of Legal Action. - (a) Every applicant for a license under this article, either...