OAR 863-022-0013. Course Requirements for Timeshare Sales Agent License Applicants

(1) The course required by OAR 863-035-0060 for timeshare sales agent license applicants consists of a 14 clock-hour Agency-approved timeshare sales agent course. The timeshare sales agent course covers the specialized area of timeshare sales agents, including Oregon’s legal requirements. (a) A course offered by private career schools must be approved by the Agency under OAR 863-022-0030. (b) A course offered by in-state community colleges, colleges, and universities must be approved by the Agency under OAR 863-022-0035. (2) The 14-hour timeshare sales agent course prepares the applicant for the timeshare sales agent license examination. To be eligible for credit, the 14-hour course must include 14 clock-hours in the following topics: (a) Ethics. (b) Applicable laws and rules relating to timeshares. (c) The principles and practices of selling timeshares. (3) A license applicant must complete the Agency-approved timeshare sales agent course through a private career school, an in-state community college, college, or university as those terms are defined in OAR 863-022-0005, or Agency approved alternative. (4) To receive credit for a course provided by a private career school, an applicant must complete the course and receive a passing score of at least 75% on a final exam. (5) The timeshare sales agent applicant course is eligible for continuing education credit for real estate brokers and principal real estate brokers only under OAR 863-020-0010.