Maryland Home Improvement Salesperson Practice Exam

Question: 1 / 400

All of the following information on the "Notice of Cancellation" MUST be entered by the seller prior to giving the form to the buyer EXCEPT the:

Name of the seller

Purchase price

In the context of the "Notice of Cancellation," the seller is required to fill in specific details to ensure that the buyer is fully informed of their rights regarding cancellation. The information that must be on the form includes the seller's name, the date of the transaction, and the latest cancellation date.

The purchase price, while an important aspect of the transaction, is not necessary on the "Notice of Cancellation" document before the seller provides it to the buyer. The primary focus of this notice is to inform the buyer of their rights to cancel the transaction within a specified timeframe and does not concern itself with the financial details of the transaction. Thus, it is appropriate for the seller to omit the purchase price when filling out the notice, which is why this answer is correct.

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Date of the transaction

Latest cancellation date

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