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

Question: 1 / 400

If Jada rescinded her timeshare contract during the allowable period, how many days does the seller have to refund her payments?

15 days

30 days

In Tennessee, when a buyer rescinds a timeshare contract within the designated cancellation period, the seller is required to refund the buyer's payments within a specific timeframe. According to the regulations governing timeshare sales in Tennessee, the seller has a total of 30 days from the date of rescission to issue a refund for any payments made by the buyer. This law is designed to protect consumers by ensuring that they are reimbursed promptly after they have exercised their right to cancel the contract, promoting fairness in real estate transactions.

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45 days

60 days

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