Tennessee Real Estate License Exam Practice Question
If the purchaser of a timeshare wishes to waive his or her right to rescind the purchase, which of the following is true?
Correct Answer: D
Rationale: A waiver of the right to rescind a timeshare purchase is not permissible under any circumstances, ensuring consumer protection.
Option A is incorrect because cancellation provisions are not a prerequisite for waiving the right to rescind; such waivers are simply not allowed.
Option B is misleading; there is no mandated waiting period for waiving rescission rights, as the waiver itself is invalid.
Option C is also wrong; the duration of the timeshare contract does not influence the inability to waive rescission rights.
Thus, consumers retain their right to rescind regardless of the situation.
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