1. An agreement for the resale of a time share entered into by an owner of that time share and a time-share resale broker who lists or offers to resell that time share must: (a) Be in writing; (b) Contain a provision in not less than 12-point boldface type that the owner may cancel, by written notice, the agreement with the time-share resale broker until midnight of the fifth calendar day after the date of execution of the agreement; and (c) Contain a written disclosure that sets forth: (1) Whether any person other than the purchaser may use the time share during the period before the time share is resold; (2) Whether any person other than the purchaser may rent the use of the time share during the period before the time share is resold; (3) The name of any person who will receive any rents or profits generated from the use of the time share during the period before the time share is resold; (4) A detailed description of any relationship between the person who resells the time share and any other person who receives any benefit from the use of the time share; and (5) The right to cancel the agreement provided pursuant to paragraph (b). 2. en the person who resells the time share and any other person who receives any benefit from the use of the time share; and (5) The right to cancel the agreement provided pursuant to paragraph (b). 2. The time-share resale broker who resells a time share shall provide a fully executed copy of the written agreement described in subsection 1 to the owner on the date that the owner signs the agreement. 3. The time-share resale broker who resells a time share shall make the disclosures required pursuant to paragraph (c) of subsection 1 before accepting anything of value from the owner. (Added to NRS by 1999, 2686; A 2013, 3526)
Nevada Legal Code