Who qualifies as a purchaser in the context of timeshares?

In the context of timeshares, a purchaser is defined as anyone who buys a timeshare. This designation encompasses individuals who invest in a timeshare property, granting them specific rights, such as access to the property during designated times and the responsibilities that come with ownership.

When looking at the rationale behind this definition, it’s clear that a purchaser directly engages in a financial transaction related to ownership, which is fundamental to the structure of timeshare agreements. The nature of timeshares is to provide shared property ownership among multiple individuals, and this ownership agreement is pivotal for the timeshare's operation.

Other options do not fit the definition of a purchaser. Renting a timeshare does not entail ownership; therefore, those who are renting are not considered purchasers. Individuals looking to exchange timeshare properties may involve transactions or agreements, but they are not actively purchasing a timeshare in that context. Finally, real estate agents, while they may facilitate the buying and selling of timeshares, do not qualify as purchasers themselves since they do not own the timeshare. Thus, the definition remains focused on those directly buying a timeshare, confirming the appropriateness of stating that anyone who buys a timeshare qualifies as a purchaser.