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Time Share Business means the activity of offering, soliciting, negotiating or concluding time share contracts or points based contracts. These contracts will provide consumers with rights or options to use, occupy or possess a time share property or a right or option to exchange points for the right to use, occupy or possess a time share property, whether located in Alberta or not.
The offering, soliciting, negotiating or concluding of time share contracts or points based contracts by an industry member as defined in the Real Estate Act who is acting in the course of a profession or calling to which that Act applies.
If your business does not require this licence, you do not need to proceed further.
How to apply
You will need to provide:
- information on your business
- a criminal record check or police information check
- a security
- trust account information
- a copy of standard time share or points-based contracts, or both
- additional documents
- payment for a licensing fee
To get started, follow the instructions below to save and open the application form.
Licence holders must notify Service Alberta and Red Tape Reduction in writing within 15 days of a change in:
- business address
- partners of the business if the licence is issued to a partnership
- officers or directors of the corporation if the licence is issued to a corporation
Licence holders must notify Service Alberta and Red Tape Reduction in writing within 15 days of ceasing to carry on the activities for which the licence was issued.
It is your responsibility to ensure your licence is in force as long as you continue to do business. Once your licence is issued, note the expiry date and ensure your licence is renewed prior to this date.
Licensees must be able to provide confirmation of licensing on request. This can be done by providing a copy of the licence or by providing other confirmation that the business is properly licensed. This can include providing a link to the Find a Licensed Business search tool.
Note: applicant, directors, officers and partners are required to read the Consumer Protection Act and its regulations associated with this licence and understand that certain sections are of significance, including but not limited to the specific sections noted below.
- Sections 37, 38, 39, and 40 regarding cancellation of Time Share contracts
- Section 2 regarding contents of contracts
- Sections 5 and 6 regarding cancellation rights
- Section 9 regarding trust requirements
- Section 21 regarding unfair practices
Copies of legislation can be obtained from the Alberta King’s Printer.
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