Which individual in a timeshare brokerage is responsible for compliance with regulations?

The Project Broker in a timeshare brokerage holds the crucial responsibility for ensuring compliance with all applicable regulations. This role typically involves overseeing the operational aspects of the timeshare project, including adherence to legal requirements established by state and federal laws. The Project Broker must be well-versed in the specific regulations that govern timeshare sales, marketing, and management, thus ensuring that the brokerage operates within the confines of the law.

Additionally, the Project Broker often handles the licensing requirements for both the brokerage and its agents, thus playing a pivotal role in maintaining the integrity and legality of timeshare transactions. This position serves as a central point of accountability, ensuring that all practices within the brokerage are compliant with the regulatory framework that governs the timeshare industry.

The other roles, although important in their own capacities within the brokerage, are generally focused on different operational aspects. For example, a Selling Agent typically focuses on the marketing and sales of timeshare interests rather than regulatory oversight. The Sales Supervisor generally manages agents and sales processes but does not hold the same level of compliance responsibility. The Residency Manager might be involved in the management of the property but is less likely to have a comprehensive understanding of regulatory compliance compared to the Project Broker.