What happens if a developer's timeshare registration is suspended or revoked?

What happens if a developer's timeshare registration is suspended or revoked?

• A. Sales may continue under a different broker
• B. Sales must cease immediately
• C. Sales can continue with a new registration
• D. Only if the developer appeals the decision

Answer: (B)

When a developer's timeshare registration is suspended or revoked, it is mandated that all sales activities related to the timeshare must cease immediately. This regulatory action signifies that the developer is no longer authorized to conduct business involving that particular timeshare program, reflecting the need for consumer protection and adherence to legal standards. Continuing sales activities under such circumstances would not only be illegal but could also expose potential buyers to significant risks, as they would not have the necessary protections or guarantees provided under the timeshare regulations. Therefore, the immediate cessation of sales protects both the integrity of the market and the interests of consumers.

When a developer's timeshare registration is suspended or revoked, it is mandated that all sales activities related to the timeshare must cease immediately. This regulatory action signifies that the developer is no longer authorized to conduct business involving that particular timeshare program, reflecting the need for consumer protection and adherence to legal standards. Continuing sales activities under such circumstances would not only be illegal but could also expose potential buyers to significant risks, as they would not have the necessary protections or guarantees provided under the timeshare regulations. Therefore, the immediate cessation of sales protects both the integrity of the market and the interests of consumers.