When booking through RCI, a lot of the resorts say that they have 1 in 3 rule or 1 in 4 rule, which I understand as you can only book at that resort once in a 3 or 4 year period. It says in the resort details that this applies to owners and non-owners alike.
How long do you have to cancel a timeshare contract in Tennessee?
A timeshare salesperson must be affiliated with a licensed real estate firm which is affiliated with a registered timeshare development. A license is required to be issued by the Tennessee Real Estate Commission to engage in the activities of a Timeshare Salesperson.
What is the timeshare law in Tennessee?
These laws let you cancel a timeshare contract if you act quickly, usually within three to ten days. In Tennessee, the deadline to cancel a timeshare contract, in most cases, is 10 or 15 days after you sign the contract, depending on the circumstances.
Who can sell timeshares for compensation in Tennessee?
A fixed-period timeshare gives a timeshare buyer the right to exclusively use the property for a specific week or weeks each year. Its main advantage is allowing for a vacation at the same time each year.
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