Idaho Subdivided Lands and Time-Share Disclosure
Idaho regulates the sale of subdivided land and time-share interests to protect buyers who often purchase sight unseen. This chapter covers the property report, time-share rules, and the supervising broker's role.
Subdivided Lands Disposition Act
Idaho's Subdivided Lands Disposition Act requires subdividers of certain covered offerings to register and provide prospective buyers a property report disclosing material facts about the land. This protects purchasers from misleading sales practices, particularly for out-of-state or large subdivided offerings, and does not guarantee that lots will gain value.
Time-Share Offerings
Idaho regulates time-share and interval-ownership sales, requiring proper registration and buyer disclosures for covered projects, along with any cancellation rights provided by law. A broker marketing such interests must confirm the offering complies and that buyers receive the required documents rather than assuming vacation projects are exempt.
The Broker's Supervisory Duty
A supervising or designated broker is responsible for ensuring affiliated licensees follow subdivided-lands and time-share registration and disclosure requirements. These rules operate alongside agency disclosure and trust-account duties, and failing to supervise this activity can expose the broker to discipline.