721.18 – Exchange programs; filing of information and other materials; filing fees; unlawful acts in connection with an exchange program.
721.18 Exchange programs; filing of information and other materials; filing fees; unlawful acts in connection with an exchange program.— (1) If a purchaser is offered the opportunity to subscribe to an exchange program, the seller shall deliver to the purchaser, together with the purchaser public offering statement, and prior to the offering or execution of any contract […]
721.19 – Provisions requiring purchase or lease of timeshare property by owners’ association or purchasers; validity.
721.19 Provisions requiring purchase or lease of timeshare property by owners’ association or purchasers; validity.—In any timeshare plan in which timeshare estates or personal property timeshare interests are sold, no grant or reservation made by a declaration, lease, or other document, nor any contract made by the developer, managing entity, or owners’ association, which requires the […]
721.20 – Licensing requirements; suspension or revocation of license; exceptions to applicability; collection of advance fees for listings unlawful.
721.20 Licensing requirements; suspension or revocation of license; exceptions to applicability; collection of advance fees for listings unlawful.— (1) Any seller of a timeshare plan must be a licensed real estate broker, broker associate, or sales associate as defined in s. 475.01, except as provided in s. 475.011. (2) Solicitors who engage only in the solicitation of prospective […]
721.205 – Resale service providers; disclosure obligations.
721.205 Resale service providers; disclosure obligations.— (1)(a) Before engaging in resale advertising services, a resale service provider must provide to the consumer timeshare reseller: 1. A description of any fees or costs related to such services that the consumer timeshare reseller, or any other person, is required pay to the resale service provider or to any third party. […]
721.21 – Purchasers’ remedies.
721.21 Purchasers’ remedies.—An action for damages or for injunctive or declaratory relief for a violation of this chapter may be brought by any purchaser or owners’ association against the developer, a seller, an escrow agent, or the managing entity. The prevailing party in any such action, or in any action in which the purchaser claims a […]
721.22 – Partition.
721.22 Partition.— (1) No action for partition of any timeshare unit shall lie, unless otherwise provided for in the contract between the seller and the purchaser. (2) If a timeshare estate exists as an estate for years with a future interest, the estate for years shall not be deemed to have merged with the future interest, but neither […]
721.23 – Securities.
721.23 Securities.—Timeshare plans are not securities under the provisions of chapter 517 or its successor. History.—s. 1, ch. 81-172; s. 57, ch. 85-62.
721.02 – Purposes.
721.02 Purposes.—The purposes of this chapter are to: (1) Give statutory recognition to real property timeshare plans and personal property timeshare plans in this state. (2) Establish procedures for the creation, sale, exchange, promotion, and operation of timeshare plans. (3) Provide full and fair disclosure to the purchasers and prospective purchasers of timeshare plans. (4) Require every timeshare plan offered […]
721.121 – Recordkeeping by resale service providers and lead dealers.
721.121 Recordkeeping by resale service providers and lead dealers.— (1) Resale service providers and lead dealers shall maintain the following records for a period of 5 years from the date each piece of personal contact information is obtained: (a) The name, home address, work address, home telephone number, work telephone number, and cellular telephone number of the lead […]
721.03 – Scope of chapter.
721.03 Scope of chapter.— (1) This chapter applies to all timeshare plans consisting of more than seven timeshare periods over a period of at least 3 years in which the accommodations and facilities, if any, are located within this state or offered within this state; provided that: (a) With respect to a timeshare plan containing accommodations or facilities […]