According to the New Jersey Real Estate Time Share Act, if a licensee is selling a timeshare located within the state of New Jersey, all of the following are true EXCEPT that the:

a) licensee must hold a timeshare sales license

b) timeshare must be approved by the Real Estate commission

c) licensee must provide the buyer with a copy of the public offering statement

d) contract of sale must provide notice of a seven calender day rescission period