New Mexico timeshare law statute is under its property laws NM Stat § 47-11 (2019) . While the timeshare statute alone is not expansive it does deem that all timeshare interest in real estate will be treated as real estate. Essentially that all of the real estate law applies to timeshares as well even outside of the specific timeshare statute.
License to Sell
Timeshare salespersons in New Mexico are all required to either be a real estate broker, or to have a specific salesperson license under New Mexico law . They also require that developers must certify the registration of the project with the state. Generally, New Mexico law is more focused on timeshares as pieces of property and their proper certification and sale.
Rescission Period: 7 Day
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