What does the developer need to pay to the Division for every unit sold?

When a developer sells a timeshare unit, they are required to pay a fee that goes into the general fund. This payment is typically mandated by regulatory authorities to ensure that the funds are available for overseeing and enforcing compliance with timeshare regulations. The intention behind this fee is to support the administration and enforcement of laws that protect consumers in the timeshare industry, thereby maintaining market integrity and consumer confidence.

Each timeshare sale contributes to this general fund, which is vital for the regulation of development and sales practices within the industry. These funds can be used for various purposes, such as consumer education, enforcement actions against violators, and other governmental functions related to timeshare management. This system ensures a level of oversight that is essential for maintaining trust in the timeshare market.