Florida Broker Practice Exam

Disable ads (and more) with a membership for a one time $2.99 payment

Prepare for the Florida Broker Exam. Study with interactive quizzes, flashcards, and multiple choice questions that include hints and explanations. Ace your exam and start your real estate career today!

Practice this question and more.

How much notice is required to cancel a time-share contract?

5 days
10 days
15 days
30 days

The correct answer is: 10 days

In Florida, a purchaser of a time-share can cancel the contract within a specific timeframe established by law. The correct duration is 10 days. This provision is designed to protect consumers, allowing them to reconsider their decision after signing a contract. During this period, the buyer has the opportunity to reflect on their purchase without the pressure of being bound to the agreement immediately. The law ensures that buyers are informed of their rights, emphasizing the importance of consumer protection measures in the real estate market, particularly for time-share transactions, which can involve significant financial commitments.