(a) It is unlawful for any developer to sell or offer to sell a time-share in this State unless the developer has designated a person as the project broker for the time-share project. The time-share project shall be considered a separate real estate office for purposes of the real estate licensing laws of this State.
(b) It is unlawful for any person to act as project broker for a time-share project unless such person is a licensed real estate broker.
(c) It is unlawful for any person to sell, advertise, or offer for sale any time-share unless such person is a licensed real estate broker, associate real estate broker, or real estate salesperson, or is exempt from licensure under the Maryland Real Estate Brokers Act.
(d) Notwithstanding subsection (c) of this section, any person who is not a licensed real estate broker, associate real estate broker, or real estate salesperson may be employed by the developer or project broker to contact but not solicit, in person or by telephone, any person to attend any sales presentation concerning a time-share project, provided however, that the person so employed:
(1) Performs only clerical tasks;
(2) Merely arranges appointments induced by others; or
(3) Only prepares or distributes promotional materials.
Structure Maryland Statutes
Title 11A - Maryland Real Estate Time-Sharing Act
Section 11A-102 - Time-Share Estate
Section 11A-103 - Time-Share Instrument
Section 11A-104 - Limitations on Time-Shares
Section 11A-106 - Developer Control Period; Transfer of Title to Association
Section 11A-108 - Termination of Time-Shares
Section 11A-108.1 - Continuation of Time-Share Past Termination Date
Section 11A-109 - Managing Entity; Association
Section 11A-112 - Public Offering Statement
Section 11A-113 - Conversion Buildings
Section 11A-114 - Right of Cancellation
Section 11A-115 - Resale of Time-Share
Section 11A-116 - Purchase Money Escrow Account; Bonds
Section 11A-118 - Sales Contract
Section 11A-120 - Exchange of Occupancy Rights
Section 11A-121 - Certificate of Registration
Section 11A-122 - Powers of Commission
Section 11A-123 - Persons Not Required to Register
Section 11A-124 - Project Brokers
Section 11A-126 - Statutory Conflict