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Timeshare Nv de la 31 a 50 Quiz 4- Timeshare Questions and Complete Solutions Graded A+
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Timeshare Nv de la 31 a 50 Quiz 4- Timeshare Questions and Complete Solutions Graded A+
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Timeshare Nv de la 31 a50 Quiz 4- Timeshare
Questions and Complete
Solutions Graded A+
Developer Douglas sales agent owes which of the following duties to prospective purchaser's? - Answer:
Disclosure of all material defects
The covenants, conditions and restrictions in the document called - Answer: Declaration
An agent warrants - Answer: Integrity in dealings
All prospective purchaser MUST receive al the following EXCEPT - Answer: Representation of the
customer
Which of the following sale techniques and tactics MUST conform to the standards as outlined in NAC
119A.365? - Answer: 4 All of the above
Which of the following statements is incorrect? - Answer: Fictitious"contests" must be used to solicit
consumer
any free gift promised as an inducement for a prospoctive purchase to attend a presentation may be
whit held if the purchaser - Answer: does not attend the presentation
a "shill" is - Answer: someone affiliated with the project who make a "dummy" purchase to get the
buying going at a promotional meeting
, the project developer wants to get sales moving a tittle. at a monday sales meeting, the developer tells
the sales manager that they can authorize a 25 discount on any deal for the next 5 days. is this
permitted? - Answer: no, discounts can only be given for quantity purchases or for cash purchaes
all advertising to be done at a nevada timeshare project MUST be approved by the - Answer:
administrator of the real estate division
Any fees collected by the division for investigative work REQUIRED prior to issuing a permit or license
MUST be deposited in the state treasury for credit to the - Answer: general fund
When MUST timeshare permits be renewed? - Answer: annually
all fees for permits or licenses are deposited in the state treasury for credit to the - Answer: general fund
What timeshare interest is offered to a purchaser with a right to use in a timeshare project? - Answer:
membership in a club
Upon receipt of cancellation for a reservation to purchase, the developer shall return in full the total
deposit, plus any interest earned, within - Answer: 20 days
Pledging property as security for a loan is known as - Answer: Hypothecation
It is almost 8:00 in the evening. You have been with your prospective purchasers since shortly after 2:00
in the afternoon. You are pretty sure you can close the deal, but they want to talk it over with their son
who is a real estate salesman in Dallas. You MUST - Answer: Allow them to discuss the transaction with
anyone they want, including their son or lawyer.
During the promotional meeting, you have a very talented speaker address the prospective purchasers.
You are working with a nice couple for Oregon, but you do NOT seem to be able to make a deal. You
remember that one of your sales managers for Oregon and you call him to help you make the close.
Under Nevada law, is this permissible? - Answer: Yes, not counting a podium speaker; you may have one
additional person "take over" a prospective purchaser in attempt to make a deal.
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