What must Developer Smith obtain to sell timeshares in Nevada?

To sell timeshares in Nevada, Developer Smith must obtain a permit issued by the Division. This requirement is specific to the state’s regulations governing the sale of timeshares, which are handled by the Nevada Real Estate Division. The state has established a framework to ensure that all timeshare sales are conducted in compliance with applicable laws, safeguarding both the developer's and the consumers' interests.

This permit process typically involves submitting detailed information about the timeshare project, including its construction status and financial viability, as well as adhering to specific disclosure requirements. This not only promotes fair practices within the timeshare market but also helps prevent fraud and protect consumers from misleading sales tactics.

While a special license, federal registration, or a local business license may be relevant in other contexts or states, the definitive requirement in Nevada for selling timeshares is the permit from the state Division.