Which of the following must be included in a Public Offering Statement?

A Public Offering Statement is a crucial document in the sale of timeshares, as it aims to provide prospective buyers with critical information about the timeshare they are considering. The inclusion of a legal description of the property and the county name is essential because it establishes the precise location and specific boundaries of the timeshare property. This information is vital for buyers to verify the legitimacy of the property and understand exactly what they are purchasing.

Details such as the legal description help ensure clarity surrounding ownership rights and responsibilities, as well as any zoning or local regulations that may affect the timeshare. This transparency supports informed decision-making by potential buyers, aligning with the regulatory requirements intended to protect consumers in real estate transactions, especially in the context of timeshares.

In contrast, while photos of the timeshare units, a detailed marketing plan, and owner testimonials may enhance a buyer's understanding or appeal of the timeshare, they are not mandated elements of the Public Offering Statement. These additional pieces of information, although valuable, do not carry the same legal significance as the legal description of the property.