How many days does a project broker have to notify the Division of a change of association of any sales agent?

A project broker is required to notify the Division of any changes regarding the association of sales agents within a specific timeframe to ensure compliance with regulatory standards. The correct answer reflects the importance of timely communication in the real estate industry, particularly in timeshare sales, where transparency and clarity about who is representing the project can significantly impact potential buyers and the overall integrity of the sales process.

In this context, 10 days is the designated period that allows for sufficient time to process the change while still maintaining the necessary oversight to protect consumers and uphold the standards set by the Division. This timeframe is designed to facilitate effective monitoring and ensures that all parties involved are kept informed, thereby supporting a smoother transition when changes occur in the personnel responsible for sales. Understanding this regulation is crucial for anyone participating in the timeshare market, as it underscores the duty of care that brokers have towards their clients and the regulatory bodies.