Arizona Real Estate License Practice Exam 2026 – All-in-One Resource to Pass with Confidence!

Question: 1 / 1505

When a person buys a timeshare, his right to rescind is?

3 calendar days

7 calendar days

When someone purchases a timeshare in Arizona, they have a statutory right to rescind the contract within a specific time frame, which is set at 7 calendar days. This consumer protection measure allows buyers to reconsider their decision after the purchase, providing them the opportunity to cancel the transaction if they have any second thoughts or if they feel the purchase was made in haste.

The law mandates that the buyer must receive written notice of their right to rescind, and this period starts the day after the purchase agreement is signed. It’s important to clarify that the timeframe is measured in calendar days, which includes weekends and holidays, ensuring that the buyer has a full week to make an informed decision about their investment.

Understanding this right is crucial for potential timeshare buyers, as it allows them to feel more secure in their purchase, knowing they have a chance to back out if necessary.

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7 business days

3 business days

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