Question

What is a major difference between timeshare programs and other real estate transactions?

Accepted Answer

Timeshare programs of 12 or fewer interests are *not* subject to real estate law requirements. Purchasers get a public agency report at signing and 5 calendar days’ right of rescission.

Flashcard 15 - Brokerage Responsibility and Agency Management Flashcard Set for the Real Estate License Exam

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