What is necessary for a developer to lawfully market and sell timeshares?

To lawfully market and sell timeshares, it is essential for a developer to provide a Public Offering Statement (POS). This document is critical as it informs prospective buyers about the timeshare project, including details such as the nature of the property, the rights and obligations of the buyer, and any pertinent financial information. The POS plays a crucial role in protecting consumers by ensuring they have all the information necessary to make an informed decision before purchasing a timeshare.

While other elements, such as an established marketing plan or a real estate license, can be important in the broader context of timeshare sales, they do not specifically address the legal requirements necessary for selling timeshares. A contract with the property owner may also assist in securing rights to market the property but does not provide the necessary consumer protections and disclosures that the POS guarantees. Thus, the POS is a key requirement in the timeshare industry regulation, ensuring transparency and adherence to legal standards.