Which statement is true regarding the duties of a project broker?

The correct statement regarding the duties of a project broker is that they may act independently from the developer. This independence is significant because it allows the project broker to serve the best interests of both the developer and the consumers in the timeshare market. They can provide an objective perspective on the sales processes and ensure that all transactions align with regulatory standards while also promoting the developer's offerings.

In practice, a project broker may work closely with the developer but is not exclusively tied to their interests; they can act autonomously to better match buyer expectations with the available timeshare products. This autonomy helps maintain ethical practices in the industry.

The other choices do not accurately reflect the role of a project broker. Project brokers do not solely oversee sales agents; they have broader responsibilities that include sales strategy and compliance. While they may facilitate sales, they don’t handle all sales for the developer, as this task can also involve other sales personnel and marketing teams. Finally, project brokers are indeed required to have proper licenses to operate legally within the real estate market, especially in relation to timeshares.