Tennessee Realtor State Practice Exam 2025 - Free Real Estate Practice Questions and Study Guide

Question: 1 / 400

How many days does a buyer have to cancel a timeshare contract in Tennessee?

7 days

10 days

15 days

In Tennessee, the law allows a buyer of a timeshare contract to cancel the agreement within 15 days of signing the contract. This timeframe is designed to provide buyers with an opportunity to reconsider their purchase, ensuring that they have adequate time to review all associated obligations and benefits of the timeshare. The 15-day period is crucial for consumer protection, giving individuals the right to back out without penalty if they feel the contract does not meet their expectations or needs after more reflection. Understanding this timeframe is essential for both buyers and realtors, as it affects the sales process and the buyer's rights under Tennessee law.

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30 days

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