A. Prior to the execution of a purchase contract, a purchaser shall be given a separate
written document, titled “Buyer's Acknowledgment,” to be signed by the purchaser and
a representative of the developer other than the salesperson for the transaction.
B. The Buyer's Acknowledgment shall contain the following:
1. The name and address of the developer;
2. The name and address of the time-share project;
3. Whether the developer currently offers a resale or rental program or a buy-back
4. The following statement in at least 10-point boldface type:
“There is no assurance that a purchaser may resell a time-share for a certain price
or on particular terms. By signing below, purchaser acknowledges that this purchase is (i) for personal
use and enjoyment and not for commercial or investment purposes and (ii) not being
made based upon any representation that the time-share has any future market value
or resale potential.”
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