Douglas takes reservations to purchase timeshares Jams Timeshare

Question 11 / 30: 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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Timeshare 2

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Jams Kalo

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