I signed a contract to purchase a timeshare interest yesterday. Last night I reconsidered. Can I back out?
Yes. You have to provide the appropriate cancellation notice to the developer before the sixth day after you signed the contract. Consult the contract or the timeshare disclosure statement you received for instructions on how to proceed.
Is a license required to sell a timeshare interest in Texas?
It depends. If the sales agent is an employee of the owner of the timeshare, the employee would not be required to be licensed. [Rule 535.5(d)] Otherwise, the sales agent needs to be licensed