100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Timeshare #8 UPDATED Exam Questions and CORRECT Answers $9.99
Add to cart

Exam (elaborations)

Timeshare #8 UPDATED Exam Questions and CORRECT Answers

 0 purchase
  • Course
  • Timeshare sales
  • Institution
  • Timeshare Sales

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 materi...

[Show more]

Preview 2 out of 5  pages

  • January 20, 2025
  • 5
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Timeshare sales
  • Timeshare sales
avatar-seller
MGRADES
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 material change in the timeshare plan without giving the division
at LEAST how many days notice? - CORRECT ANSWER - 10 days



Which of the following is NOT necessary to form a contract? - CORRECT ANSWER -
Performance


The essential parts of a written contract include? - CORRECT ANSWER - Competent
parties, mutual consent consideration and legal obligation


Which of the following statements MUST be printed above the purchase's signature line in each
contract for the sale of a timeshare? - CORRECT ANSWER - The purchaser of a
timeshare may cancel by written notice the contract of sales until midnight of the fifth calendar
day.


The right of cancellation may not be waived. Any attempt by the developer to obtain a waiver
results in a contract that is voidable by the purchaser.


Developer Tyson has defaulted on his project. Which clause provides protection for prior
purchasers? - CORRECT ANSWER - Non disturbance clause


How would a prospective purchaser get the BEST deal on a timeshare? - CORRECT
ANSWER - Buy it from an existing owner


In Nevada, a timeshare purchaser has how many days to cancel his/her purchase? - CORRECT
ANSWER - 5 days

, If the developer or authorized sales agent obtains a waiver of rights to cancel from a purchaser,
the contract for sales is? - CORRECT ANSWER - Void


Developer Douglas, sales agent, owes which of the following duties to prospective purchasers? -
CORRECT ANSWER - Disclosure to all material defects


The document that provides for the maintenance, management, procedures to add unit, systems
of identification of the time periods, and for assessment of the expenses of the timeshare project
is called the? - CORRECT ANSWER - Contract of sale


Which of the following appears on the cover sheet of the Public Offering Statement? -
CORRECT ANSWER - The prospective purchaser should read this report before signing
any paper ( red ink)


It is discovered that the title of a project is "unmerchattable" because an easement has been found
which may NOT be removed. What should a timeshare agent do? - CORRECT
ANSWER - Not to attempt to sell a unit where the title is unmercantaable


Failure to turn over money received in the course of a timeshare interval sale within a reasonable
time is a violation of? - CORRECT ANSWER - NRS 119A



The real-estate division is considered? - CORRECT ANSWER - An administrative unit of
the state government


How often is a timeshare agent required to complete continuing education? - CORRECT
ANSWER - 24 months



The duties owed by a Nevada Real Estate LIcensee - CORRECT ANSWER - Must be
given to each prospective purchaser before a contract is signed

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller MGRADES. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $9.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

71250 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 15 years now

Start selling
$9.99
  • (0)
Add to cart
Added