For how many years must records of a timeshare sale be kept?

In North Carolina, records of a timeshare sale must be maintained for a period of three years. This regulation ensures that there is a sufficient timeframe during which records can be reviewed if necessary, providing transparency and accountability in the timeshare industry. Keeping these records for three years allows for adequate access in the event of disputes, audits, or compliance checks by regulatory authorities. This practice helps protect both sellers and buyers by ensuring that all necessary documentation is available should any issues arise after the transaction. Such requirements emphasize the importance of proper record-keeping in real estate transactions, especially in a market as complex as timeshares.