Which of the following statements about an owners' association is NOT true?

The statement about an owners' association that is not true is that it is formed primarily for the purpose of selling timeshare interests in the resort. An owners' association is primarily established to manage the communal aspects of a timeshare property, which includes overseeing the maintenance of shared facilities, enforcing the rules and regulations that govern the use of the property, and protecting the interests of the timeshare owners.

The association aims to ensure that the property is well-maintained and that the rules are followed to create a harmonious living environment for all owners. While the sale of timeshare interests is a necessary component of the timeshare business model, it is not the main focus of the owners' association. The association exists to serve the interests of current owners rather than to facilitate ongoing sales activities. Therefore, the goal of the association is much broader and community-oriented, focusing on maintenance, operation, and governance.