What does Right of First Refusal mean?
A. When a buyer extends an offer that the seller accepts, the timeshare developer has the right to purchase the property at the same price as the other buyer. If the developer chooses to do this, the sale between buyer and seller becomes void, and the property must be sold to the developer. If the developer chooses not to invoke his Right of First Refusal, the original sale may proceed at the negotiated price.
