Alabama Timeshare law is codified in this statute but is generally regulated through the Alabama Real Estate Commission. Because it is done by the commission most of the timeshare law is governed by the professional standards placed on real estate agents, rather than timeshares as parts of real property. It is also designed to be focused on punishing agents who violate the rules, rather than just governing the sale of timeshares.
Required Licensure and Registration
In Alabama to sell vacation or timeshare plans the seller is required to be specifically licensed for it. Unlike a general real estate license Alabama imposes a separate ‘vacation time-share sales exam’ to be able to sell, lease, or convey timeshares. Failure to be licensed constitutes a violation of the rule and is could cost licensure ability plus fines.
Rescission Period: 5 Days
Disclaimer: These summaries of law are intended only to serve as an information source for consumers. Statutes and laws are subject to constant change and the information listed above may not represent the most recent, or complete information. This does not constitute legal advice and a lawyer should always be contacted to provide you an analysis of your case. If you would like to have your case reviewed, please call us at (360)918-8196 for a free consultation