Ariz. Admin. Code § R4-28-503 - Promotional Activities
A. A
licensee shall not describe a premium offered at no cost or reduced cost to
promote sales or leasing as an "award," or "prize," or use a similar
term.
B. A licensee shall clearly
disclose to a person in writing the terms, costs, conditions, restrictions, and
expiration date of an offer of a premium before the person participates in the
offer.
C. Unless otherwise provided
by law, a person shall not solicit, sell, or offer to sell an interest in a
development by conducting a lottery contest, drawing, or game of
chance.
D. A subdivider, time-share
developer, or membership camping operator may apply for approval to conduct a
lottery, contest, drawing, or game of chance, or award a premium under A.R.S.
§
32-2197.17(J),
by submitting to the Department the information under A.R.S. §§
32-2183.01(I),
32-2197.17(J)
or
32-2198.10(D),
the applicable fee, if any, and:
1. The name,
address, telephone number, and fax number, if any, of the subdivider,
time-share developer, or operator;
2. The legal name of the broker;
3. The public report number;
4. The time and location for collecting
entries for the lottery, contest, or drawing;
5. The date, time, and site for selection of
a winner; and
6. The conditions and
restrictions to enter, if any.
Notes
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