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Timeshare Test 1 Questions and Complete Solutions Graded A+
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Timeshare Test 1 Questions and Complete Solutions Graded A+
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Timeshare Test 1Questions and Complete
Solutions Graded A+
NRS 119 A - Answer: The sale of timeshare interests in the State of Nevada is regulated under the
provisions of...
NRS 645 - Answer: The Law that regulates real estate in Nevada is?
The Director of the Department of Buisness - Answer: Who supervises the Administrator of the Real
Estate Division?
The Governor - Answer: Who appoints the Director of the Department of Business and Industry?
Developer - Answer: Who selects and appoints the Project Broker
Behind on Child Support Payments
Crimes of moral turpitude
Previously revoked insurance sales license - Answer: What are the following are reasons for the real
estate division to deny a Sales Agent's License application?
(except) Reckless Driving conviction
June 30, 2002 - Answer: If a timeshare licensed on June 6, 2000 when will the license expire?
Ownership of an interval of 1 month to the one-half year - Answer: What is a fractional ownership?
, Decreases in value; therefore, buyers should not be encouraged to purchase as an investment
opportunity. - Answer: The Value of an individual timeshare usually?
Fee Deed and title - Answer: The purest form of ownership is?
Un-deeded ownership
Right to Use
A member of a Club - Answer: The leaseholder is an example of?
Criminal record
Driving Record
Child support issues
Crimes of moral turpitude (fraudulent activities)
Previous license was revoked - Answer: Which of the following reasons would be cause for the Real
Estate Division to deny an application for timeshare sales license?
Yes, they have to right to revoke for any reason for 5 calendar days - Answer: You have just completed
making a timeshare sale. Your buyers go back to their hotel, and after dinner and a few cocktails, they
have second thoughts about the purchase. Can they change their minds and get out of the deal?
Affiliate with a project broker who is licensed under NRS 645
Work for only one project broker at a time
Keep current in child support payments - Answer: Nevada law REQUIRES all timeshare sales agents to do
all the following ... (expect) Take 14 hours of continuing education every 2 years
A comparable unit
Monetary compensation for the loss of the use of the unit
A substitute unit of a better grade in the absence of a comparable unit - Answer: Ted and Alice Smith
have arrived at their timeshare resort and produce the confirmed reservation for a unit. They are
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