What must a sales agent provide to a purchaser before accepting payment in a sales presentation?

In a sales presentation for a timeshare, it is vital for the sales agent to provide the potential purchaser with a copy of the Public Offering Statement before accepting any payment. The Public Offering Statement contains essential information about the timeshare property, including details on the ownership structure, the rights and obligations of the buyer, fees, and the terms of the timeshare agreement. Providing this document ensures that the buyer is well-informed about what they are purchasing and helps protect consumers by promoting transparency. This is a regulatory requirement aimed at preventing fraudulent practices and ensuring that the buyer fully understands the implications of their purchase.

Understanding this document is crucial for making an informed purchasing decision in the timeshare market. Other documents, such as a Purchase Agreement, may follow, but the Public Offering Statement is prioritized to ensure purchasers have all relevant information before they commit financially.