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Florida Real Estate Exam

Category - Florida

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There is a Federal Law that is designed to protect purchasers of subdivision properties that are located in the United States and are being offered for sale in interstate commerce. This law provides for a right of rescission within:

Three days
Five days
Seven days
Ten days

Explanation

Answer C - This federal law known as Interstate Lands sales Full Disclosure Act allows a seven day right of rescission.

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Florida Real Estate Exam

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