What must be received and signed by the purchaser before executing any timeshare sale contract?

The Public Offering Statement is a crucial document in timeshare sales that must be received and signed by the purchaser before they execute any timeshare sale contract. This statement provides potential buyers with comprehensive information about the timeshare property, including details on the ownership structure, amenities, financial obligations, and any associated rights and responsibilities.

The importance of this document lies in its role in ensuring that buyers are fully informed before making a significant financial commitment. It typically includes information such as the project's location, description, occupancy rates, and contact information for the management company. This transparency helps to protect consumers by allowing them to make educated decisions based on the full scope of information available.

In comparison, other options like the Agreement of Sale, Contract for Sale, and Disclosure Document, while relevant in the transaction process, do not fulfill the same legal requirement as the Public Offering Statement. The Public Offering Statement is specifically mandated in many jurisdictions to ensure consumer protection in real estate transactions, particularly regarding timeshares.