In a timeshare project, who is responsible for meeting all conditions set by the Division?

In a timeshare project, the responsibility for meeting all conditions set by the Division falls on the developers. Developers are the entities that create, market, and manage timeshare properties, and they have the primary obligation to ensure compliance with state regulations and requirements. This includes adhering to licensing laws, financial disclosures, marketing practices, and all other specific provisions designed to protect consumers and ensure proper operation within the timeshare industry.

While buyers, escrow agents, and real estate brokers play important roles within the timeshare context, their responsibilities differ significantly from those of the developers. Buyers are primarily concerned with their individual agreements and rights as consumers. Escrow agents facilitate financial transactions and ensure funds are handled appropriately, while real estate brokers assist in the sale or lease of timeshare units. None of these roles encompass the broad responsibilities of compliance that are inherent to the developer's position in a timeshare project. Thus, developers are uniquely positioned and legally obligated to fulfill these requirements set forth by the Division.