P.R. Laws tit. 31, § 1259
Any referral program initiated by a developer, pursuant to which an owner, for valuable consideration, is requested to provide the developer or its agent with a list of names of persons who might be interested in purchasing or otherwise acquiring a timeshare or vacation club right, shall not be deemed to involve an act of brokerage which obligates such owner to have a real estate broker or salesperson’s license within Puerto Rico, provided that such program is not implemented by a developer in order to circumvent any provision of this chapter, §§ 3026 et seq. of Title 20, known as the “Act to Regulate the Real Estate Business and the Profession of Real Estate Broker, Salesperson or Companies in Puerto Rico”, or any rules or regulations promulgated thereunder.
History —Dec. 26, 1995, No. 252, § 9-101.