R4-28-503. Promotional Activities

A. A licensee shall not describe a premium offered at no cost or reduced cost to promote sales or leasing as an “award,” or “prize,” or use a similar term. B. A licensee shall clearly disclose to a person in writing the terms, costs, conditions, restrictions, and expiration date of an offer of a premium before the person participates in the offer. C. Unless otherwise provided by law, a person shall not solicit, sell, or offer to sell an interest in a development by conducting a lottery contest, drawing, or game of chance. D. A subdivider, time-share developer, or membership camping operator may apply for approval to conduct a lottery, contest, drawing, or game of chance, or award a premium under A.R.S. § 32-2197.17(J), by submitting to the Department the information under A.R.S. §§ 32-2183.01(I), 32-2197.17(J) or 32- 2198.10(D), the applicable fee, if any, and: 1. The name, address, telephone number, and fax number, if any, of the subdivider, time-share developer, or operator; 2. The legal name of the broker; 3. The public report number; 4. The time and location for collecting entries for the lottery, contest, or drawing; 5. The date, time, and site for selection of a winner; and 6. The conditions and restrictions to enter, if any.