According to time share law, what is the role of an exchange agent?

The role of an exchange agent in the context of timeshare law primarily involves operating an exchange program. An exchange agent facilitates the process that allows timeshare owners to swap their timeshare weeks or points with other owners, enabling them to vacation at different locations or properties than their home resort. This service is a crucial aspect of timeshare ownership, as it provides flexibility and variety for owners looking to explore different destinations.

The exchange program is structured to assist owners in finding properties that align with their vacation preferences, thus enhancing the overall timeshare experience. By managing this process, the exchange agent ensures that all transactions are conducted smoothly and that owners can benefit from the opportunities available through the exchange system.

In contrast, other roles mentioned, such as selling real estate or managing a timeshare plan, do not accurately describe the specific responsibilities associated with exchange agents in the context of timeshare law. The focus is distinctly on the operation and management of the exchange program itself, making this the correct interpretation of an exchange agent’s function.