§36-9-18. License required to sell.
Any seller of a time-sharing plan shall be a licensed real
estate salesman, broker, or broker-salesman, pursuant to chapter
forty-seven of the code or its successor, and shall be subject to
all of the provisions of that article. This section shall not
apply to those individuals who are exempt from chapter forty-seven of the code or to those time-sharing plans which are
registered with the securities and exchange commission.