(1) Except as provided in ARM 24.210.1003 applicants for licensure as a timeshare broker or salesperson shall file, with application for licensure, a typewritten or printed personal disclosure statement, which shall contain, in the following order and in detail, including accurate dates, specific locations, and complete names, addresses, and phone numbers of persons having information, the following, for the ten years preceding application:

(a) a detailed narrative of the experience that the applicant has had in relation to the purchase and sale and negotiations for the purchase and sale, on the applicant's own behalf or the behalf of others, of timeshare, condominium, subdivision, and real estate interests;

(b) any and all licenses, certifications, registrations, and permits held by the applicant, including by a business organization of which the applicant had or has a director or management interest, which authorized or authorizes using a title, or practicing an activity, related to the registration, sale, purchase, lease, or other disposition of a timeshare, condominium, subdivision, or real estate;

(c) any and all violations by the applicant, including by a business organization of which the applicant had or has a director or management interest, of any timeshare, condominium, subdivision, real estate, or consumer protection law or regulation, whether such violation resulted in criminal, civil, or administrative action;

(d) any and all of applicant's convictions of a felony for any reason;

(e) any and all civil actions, in law or equity, related to timeshare, condominium, subdivision, real estate, consumer protection, or contract, in which the applicant or a business organization of which the applicant had a director or management interest was named as a defendant, cross-defendant, or counterclaim defendant;

(f) any and all voluntary or involuntary bankruptcy proceedings in which the applicant, including a business organization of which the applicant has or had a director or management interest, was named as a debtor;

(g) a narrative summary of the applicant's credit history and a current credit report, including three references for verification;

(h) three personal references; and

(i) three professional references, being persons that have been in a supervisory capacity over the applicant or persons that are not, and have not been, directly affiliated with the applicant.