Timeshare Bundled Exam Questions WITH CORRECT Answers

TN Timeshare Salesperson Exam UPDATED Exam Questions and CORRECT Answers What is the Tennessee Real Estate Commission? - CORRECT ANSWER - Judicial body of the real estate industry in Tennessee How many members are on the real estate commission? - CORRECT ANSWER - 9 Who appoints the members of ...

Unit 6 – Timeshares UPDATED Exam Questions and CORRECT Answers Registration of Timeshares - CORRECT ANSWER - - A timeshare offering may not be advertised, offered, or sold in Montana unless it is registered. - A person who offers or sells a timeshare interval (unless exempt from registration)...

Unit 1: Developer Timeshare Requirements UPDATED Exam Questions and CORRECT Answers Which of the following isn't required to be filed with the Arizona Department of Real Estate as part of the timeshare public report application? - CORRECT ANSWER - The business organizational chart and pro...

TN Timeshare Exam UPDATED Exam Questions and CORRECT Answers Where can timeshare units can be created? - CORRECT ANSWER - In any unit unless prohibited by law When shall a receipt of Public Offering Statement take place? - CORRECT ANSWER - No later than the date of sale

Tennessee Timeshare Test UPDATED Exam Questions and CORRECT Answers acquisition agent - CORRECT ANSWER - people who solicit others to attend a presentation license expire - CORRECT ANSWER - 2 years from the issued date powers of the commission - CORRECT ANSWER - can fine you, suspend your lice...

Timeshare Test #3 UPDATED Exam Questions and CORRECT Answers "Unit" as used in NRS 119A means: a. A lot of any size b. The total timeshare unit c. That portion of a project which is designated for separate use d. A tract of land consisting of 15 acres or more - CORRECT ANSWER - That po...

Timeshare License Exam 20 to 30 UPDATED Exam Questions and CORRECT Answers What effect does the existence of a "blanket encumbrance" have on the sale of timeshare at a project? - CORRECT ANSWER - Escrow may not close unless the project is free of any "blanket encumbrance" The day-...

Timeshare Industry Exam 1 UPDATED Exam Questions and CORRECT Answers Example of the possible first timeshare - CORRECT ANSWER - Fredrick the Great the King of Prussia, sketched for his royal architect, a rough drawing that became the basis for the Summer Palace of Potsdam. Constructed from 174...

Timeshare Industry Chapter 8-15 UPDATED Exam Questions and CORRECT Answers Timeshare purchasers have attended how many presentations before they buy? - CORRECT ANSWER - 2.79 What percentage of recent purchases have attended one to two presentations before they buy? - CORRECT ANSWER - 64% The ...

Timeshare #8 UPDATED Exam Questions and CORRECT Answers If a timeshare agent is served notice that the division has filed charges against him/her he/she has how many days in which to file with the division and answer the charges? - CORRECT ANSWER - 30 days The developer may not make a materia...

Timeshare Sales Practice Quiz UPDATED Exam Questions and CORRECT Answers Your company uses the "Five Whys" as the decision sequence in their sales process. One of the sales executives on tour has a personal emergency and needs to leave immediately. On his way out, he says "I just fini...

Timeshare Sales and Contracts UPDATED Exam Questions and CORRECT Answers Because of the complexities of the product, the timeshare sales person will spend approximately what percentage of the timeshare presentation on product knowledge? - CORRECT ANSWER - 10% After a prospect indicates a will...

Timeshare review, modules 6 & 7 UPDATED Exam Questions and CORRECT Answers In the typical timeshare sales process, approximately how many purchasers will rescind? - CORRECT ANSWER - 2 to 3% It is unlawful to explain that timeshare provides - CORRECT ANSWER - an investment based on the expectat...

timeshare quiz 3 UPDATED Exam Questions and CORRECT Answers Once approved, special assessments are an obligation of each owner and must be paid in order for the owner to continue using/accessing their timeshare. - CORRECT ANSWER - True One of the unique features that distinguishes the General M...

Timeshare Nv de la 31 a 50 UPDATED Exam Questions and CORRECT Answers Developer Douglas sales agent owes which of the following duties to prospective purchaser's? - CORRECT ANSWER - Disclosure of all material defects The covenants, conditions and restrictions in the document called - CORRECT ...

Timeshare License Exam pages 11 to 20 UPDATED Exam Questions and CORRECT Answers Excluding any law, ordinance, r governmental regulation, any document creating or regulation timeshare is known as - CORRECT ANSWER - the timeshare instrument As defined by NRS 119A a unit is the - CORRECT ANSWER...

Las Vegas Timeshare UPDATED Exam Questions and CORRECT Answers Timeshare - CORRECT ANSWER - Right to use and occupy a unit on a recurrent periodic basis according to an arrangement allocating the right among various owners. Timeshare types include: - CORRECT ANSWER - Deed ownership, lease right...

HFT 3273: Timeshare Final Exam Review UPDATED Exam Questions and CORRECT Answers What decade saw the greatest growth in the Timeshare industry? - CORRECT ANSWER - the 90's What was the original form of Timeshare owned in the United States? - CORRECT ANSWER - deeded real estat

Timeshare - Final Exam UPDATED Exam Questions and CORRECT Answers The main reasons the rental or resale value of any timeshare can vary are due to: - CORRECT ANSWER - Its location, season, size, competition, age, and demand. When bringing an individual into an organization, the human resource s...

Section 5: Arizona Timeshares UPDATED Exam Questions and CORRECT Answers Timeshare property - CORRECT ANSWER - property in which there is multiple shared ownership or multiple shared use of a piece of real estate. Timeshare Estate (fee simple ownership) - CORRECT ANSWER - pieces of real estate ...

5. Arizona Timeshares UPDATED Exam Questions and CORRECT Answers Timeshare - CORRECT ANSWER - A timeshare property is one in which there is multiple shared ownership or multiple shared use of a piece of real estate. Characteristics of a timeshare - CORRECT ANSWER - More than a hotel room, tim...

Quiz 4- Timeshare UPDATED Exam Questions and CORRECT Answers In a right-to-use resort without an association, the developer retains control over property management: - CORRECT ANSWER - Indefinitely. The law that prohibits discrimination in employment decisions concerning hiring, job assignmen...

Nevada Timeshare License Practice UPDATED Exam Questions and CORRECT Answers The sale of timeshare interests in the State of Nevada is regulated under the provisions of: - CORRECT ANSWER - NRS 119a The law that regulates real estate in Nevada is: - CORRECT ANSWER - NRS 64

Nevada Timeshare Exam UPDATED Exam Questions and CORRECT Answers According to Nevada law, a time share is - CORRECT ANSWER - A. a vacation home B. the right to use and occupy a unit on a recurrent periodic basis according to an arrangement allocating this right among various owners whether or n...

Mississippi Timeshares Part 1 Quiz UPDATED Exam Questions and CORRECT Answers * the Real Estate Commission the Secretary of State the Timeshare Association the Office of Timeshare Registrations - CORRECT ANSWER - A developer may not sell, offer, or dispose of a timeshare interest unless all...

Timeshare Exam UPDATED Exam Questions and CORRECT Answers NRS 119a - CORRECT ANSWER - The sale of timeshare interests in the State of Nevada is regulated under the provisions of: NRS 645 - CORRECT ANSWER - The law that regulates real estate in Nevada

Timeshare License Exam UPDATED Exam Questions and CORRECT Answers How long is a TSA license valid for? - CORRECT ANSWER - 2 years If a timeshare AGENT initially becomes licensed on June 6, 2000, when will the license expire? - CORRECT ANSWER - June 30, 2002 (end of the month - 2 years later)