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Las Vegas Timeshare UPDATED Exam Questions and CORRECT Answers $9.99
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Exam (elaborations)

Las Vegas Timeshare UPDATED Exam Questions and CORRECT Answers

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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 righ...

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  • January 20, 2025
  • 4
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Timeshare sales
  • Timeshare sales
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MGRADES
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 rights, and
membership in a club.


Floating week interval owner - CORRECT ANSWER - Owns a specific number of weeks
each year.


Participants in an exchange programs - CORRECT ANSWER - May be required to use the
program included with the purchase of their timeshare.


A four-plex has been turned into a timeshare. Does it need it be registered with the Nevada Real
Estate Division? - CORRECT ANSWER - No, because it is fewer than 12 in a project.


A timeshare development in Utah will be including marketing from a Nevada development. Do
you need to hire a Project Broker and register with the Nevada Real Estate Division? -
CORRECT ANSWER - Yes, because it is being advertised/marketed in Nevada.



An exchange program: - CORRECT ANSWER - 1. Is created to enable a timeshare owner
to exchange their occupancy rights with another timeshare owner.
2. Enables a timeshare owner the ability to recoup some of their annual expenses and or use
someone else's timeshare at the same facility.
3. Must provide the purchaser of a timeshare with certain statements.


Nevada law requires a developer who operates an exchange program to provide the purchaser
with the following: - CORRECT ANSWER - 1. Names of the officers, directors, and
shareholders owning at least 5% of the outstanding stock of the company.

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