The disclosure summary for time-share estates shall be in the following format:

1. (LICENSEE) HEREBY STATES THAT WITH RESPECT TO THIS PROPERTY, (DESCRIBE PROPERTY) I AM ACTING IN THE FOLLOWING CAPACITY: (CHECK ONE)

   1. (I) OWNER OF THE PROPERTY;
   2. (II) A DIRECT EMPLOYEE OF THE OWNER; OR

   3. (III) AN AGENT OF THE OWNER PURSUANT TO A PROPERTY MANAGEMENT OR EXCLUSIVE LEASING OR SELLING AGREEMENT.

      I ACKNOWLEDGE THAT I HAVE RECEIVED THIS NOTICE:

   4. (CONSUMER) (DATE)

      I CERTIFY THAT I HAVE PROVIDED THIS NOTICE:

   5. (LICENSEE) (DATE)

CONSUMER NOTICETHIS IS NOT A CONTRACT

Authority

The provisions of this § 35.338 issued under sections 404, 606—606.6 and 608—608.3 of the Real Estate Licensing and Registration Act (63 P.S. § § 455.404, 455.606—455.606f and 455.608—455.608c).

Source

The provisions of this § 35.338 adopted March 29, 2002, effective March 30, 2002, 32 Pa.B. 1644.

Cross References

This section cited in 49 Pa. Code § 35.284 (relating to disclosures of business relationships); 49 Pa. Code § 35.286 (relating to retention and production of records); and 49 Pa. Code § 35.331 (relating to written agreements generally).