Contracts

Under the Tennessee Residential Property Condition Disclosure Act, a buyer who receives the disclosure after signing a contract has how long to rescind?

A24 hours
B3 days✓ Correct
C5 days
D7 days

Explanation

If a seller provides the property condition disclosure after the buyer signs the contract, Tennessee law gives the buyer 3 days to rescind the contract and receive a full refund of earnest money. After 3 days, the buyer's right to rescind expires.

Related Tennessee Contracts Questions

Practice More Tennessee Real Estate Questions

1,500+ questions covering all exam topics. Start free — no signup required.

Take the Free Tennessee Quiz →