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Pennsylvania Code (Rules and Regulations)
Title 49 - PROFESSIONAL AND VOCATIONAL STANDARDSPart I - DEPARTMENT OF STATESubpart A - PROFESSIONAL AND OCCUPATIONAL AFFAIRSChapter 35 - STATE REAL ESTATE COMMISSIONSubchapter E - STANDARDS OF CONDUCT AND PRACTICE
REAL ESTATE DOCUMENTS
Section 35.338 - Disclosure summary for time-share estates

49 Pa. Code § 35.338

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Current through Register Vol. 54, No. 45, November 9, 2024
Section 35.338 - Disclosure summary for time-share estates

The disclosure summary for time-share estates shall be in the following format:

CONSUMER NOTICE THIS IS NOT A CONTRACT

(LICENSEE) HEREBY STATES THAT WITH RESPECT TO THIS PROPERTY, (DESCRIBE PROPERTY) I AM ACTING IN THE FOLLOWING CAPACITY: (CHECK ONE)

(I) OWNER OF THE PROPERTY;
(II) A DIRECT EMPLOYEE OF THE OWNER; OR
(III) AN AGENT OF THE OWNER PURSUANT TO A PROPERTY MANAGEMENT OR EXCLUSIVE LEASING OR SELLING AGREEMENT.

I ACKNOWLEDGE THAT I HAVE RECEIVED THIS NOTICE:

____________

____________

(CONSUMER) (DATE)

I CERTIFY THAT I HAVE PROVIDED THIS NOTICE:

____________

____________

(LICENSEE) (DATE)

49 Pa. Code § 35.338

The provisions of this §35.338 adopted March 29, 2002, effective 3/30/2002, 32 Pa.B. 1644.

The provisions of this §35.338 issued under sections 404, 606-606.6 and 608-608.3 of the Real Estate Licensing and Registration Act (63 P.S. §§ 455.404, 455.606-455.606f and 455.608-455.608c).

This section cited in 49 Pa. Code § 35.284 (relating to disclosures of business relationships); 49 Pa. Code § 35.286 (relating to retention and production of records); and 49 Pa. Code § 35.331 (relating to written agreements generally).