Final answer:
The right of rescission under the Real Estate Sales Full Disclosure Act is a seven-day cooling-off period that allows consumers to cancel a real estate transaction without penalty.
Step-by-step explanation:
The right of rescission with the Real Estate Sales Full Disclosure Act allows for a period of seven days. This 'cooling-off period' provides the consumer the opportunity to cancel a transaction or contract if they have a change of heart, for any reason, without penalty. It's a consumer protection mechanism designed to allow time for buyers to reconsider their decision and ensure they are comfortable with their purchase of real estate. The correct answer to the question is d) 7 days.