Card 13 / 34: Douglas takes reservations to purchase timeshares using a preliminary permit. All of the following are TRUE EXCEPT:
A) There must be a cancellation right at any time before the execution of the contract of sales with full refund of any deposit
B) Douglas must place any deposit in an escrow
C) Douglas must require that any earned interest on the deposit for the reservation be retained in the brokers trust account for a period of not less than 10 days
D) Douglas must guarantee the purchase price for a certain period of time even after the permit has been issued by the real estate division

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