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AI Summary: This regulation establishes a new system for licensing people who sell timeshares in Oregon. To get a license, individuals must be at least 18 years old, have a high school diploma or equivalent, and pass a background check. They also need to complete a 14-hour course that covers ethics, relevant laws, and how to sell timeshares. After completing the course and passing a test, they must be associated with a principal broker who manages their work. The license will be issued for a period that depends on the licensee's birth month, initially lasting between 13 and 24 months. After that, licenses need to be renewed every two years. The regulation also details how to apply for a license, renew it, transfer it to a new employer, put it on inactive status, or reactivate it. There are special rules for military members and their spouses, and procedures for changing names, giving up a license, or getting a suspended license back. The regulation is based on new laws passed by the Oregon Legislature. Based on the provided documents, this regulation appears to be in the process of being implemented or has recently been put into effect, as it describes the establishment of new rules and processes.