Under Florida law, how many days does the first buyer from a developer have to rescind a purchase offer?

Under Florida law, the first buyer from a developer has a period of 15 calendar days to rescind a purchase offer. This provision is designed to protect consumers in real estate transactions, allowing them to reconsider their decision after making a commitment. During this window, buyers can evaluate the purchase and change their minds without any penalties, ensuring they have adequate time to assess their options and confirm their interest in the property.

This law specifically targets situations where buyers may feel rushed into making a decision due to the nature of high-pressure sales tactics often used in new developments. By providing a full 15 calendar days, Florida legislation aims to foster a fair real estate market and enhance consumer protection.