Timeshare Final Exam Questions and Answers 2024 with complete solution

Timeshare Final Exam Questions and Answers 2024 with complete solution Timeshare units can be created: In any unit unless prohibited by local laws Receipt of public offering statement shall take place no later than: date of sale To be valid, a public offering statement must be: signed and dated Disclosure of recession rights must appear in bold face print in the: contract and public offering statement Escrow account for Timeshare sale shall not be held by: the developer Who is ultimately responsible for escrow funds? Broker Any person other than a developer or lender who acquires an interest in a Timeshare is called: purchaser A person visits a timeshare resort in TN and signs a contract of sale. The maximum recession period for this person is what? 10 days A timeshare contract is voidable by purchaser unit: received a public offering statement and 10 day recession has past A person who solicits people to attend a timeshare presentation is what? an acquisition agent A person who exchanges timeshare intervals in exchange programs with other timeshare intervals is what? an exchange agent Price increase in timeshare can not be announced more than how many days prior to the effective date? 60 days If an unlicensed person is fined by TRE