(a) Any seller of a timeshare plan, who acts on behalf of an owner during the ordinary course of business in exchange for a commission or other compensation strictly on a transactional basis, must be a licensed by the Department at a fee to be determined by the Department.
(b) This section does not apply to: (i) those individuals who offer for sale only timeshare interests in timeshare property located outside the Virgin Islands and who do not engage in any sales activity within the Virgin Islands, or (ii) those individuals who are direct employees of the developer, the timeshare association or its managing entity. For the purposes of this section, both timeshare licenses and timeshare estates are considered to be interests in real property.