Timeshare License bundled Exams 2023 with 100% correct answers

An owner who has a leasehold in a timeshare condominium has: A. Whole ownership B. Fee simple ownership C. Interval of time D. Cooperative correct answersC. Interval of time A timeshare agent is a person who is A. Project Broker B. Person who sells timeshares on behalf of a developer...

What is the Tennessee Real Estate Commission? correct answersJudicial body of real estate industry in TN Following discriminatory practice, you should make a complaint with ____ days. correct answers180 What is a timeshare estate? correct answersOwnership or leasehold estate in property devote...

What is an acquisition agent? correct answersPeople who solicit others to attend a presentation When does your license expire? correct answers2 years from the date of issuance What are the powers of the commission? correct answersThe can fine you, suspend your license, or refer you to court. ...

The difference between timeshare use and time-share estate is​ timeshare sells only right of occupancy, not fee simple estate. Any prizes given to a time share participant: must be given without obligation A resort structured to allow for homeowner tenants and timeshare interest ow...

Excluding any law, ordinance, r governmental regulation, any document creating or regulation timeshare is known as correct answersthe timeshare instrument As defined by NRS 119A a unit is the correct answersportion of a project which is designated for separate use A person or entity given the ...

The main reasons the rental or resale value of any timeshare can vary are due to: correct answersIts location, season, size, competition, age, and demand. When bringing an individual into an organization, the human resource staff should determine if the candidate's values are consistent with the...

What effect does the existence of a "blanket encumbrance" have on the sale of timeshare at a project? correct answersEscrow may not close unless the project is free of any "blanket encumbrance" The day-to-day operation of a timeshare resort facility is done by the correct answersresort manage...

Marriott Vacation Club just introduced what kind of ownership? correct answerspoints Existing Marriott Vacation Club owners will have to convert their ownership into the new program. correct answersFALSE Timeshare sales have increased or decreased in the United States since last year. correct ...

Example of the possible first timeshare 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 1745 to 1747, this vacation home was one of the early vacation housing. Early years of am...

In terms of the 2012 U.S. economy, the timeshare industry contributed approximately how much total revenue? correct answers$69 Billion. In which decade did timeshare see increased credibility due to the entrance of major lodging brands? correct answers1990's. The regulatory environment of the...

Timeshare units can be created: correct answersin any unit unless prohibited by local laws Receipt of Public Offering Statement shall take place no later than: correct answersDate of sale To be valid, a Public Offering Statement must be: correct answerssigned and dated Disclosure of Recessi...

What can be a timeshare? correct answersAnything unless prohibited by another document or regulation. What is a project instrument? correct answersAll documents associated with a timeshare. What is the Tennessee Real Estate Commission (TREC)? correct answersThe judicial body of the real estate...

The Nevada Revised Statute that deals with the timeshare industry in Nevada is titled: A. 1551 B. 119A C. 119B D. 645 correct answersB. 119A Timeshare right to use is considered: A. A contractual agreement B. Deed and title C. An open arrangement D. None of the above correct answer...

Approximately what percentage of people who are offered a timeshare tour will accept the offer? correct answers1% The typical price of a timeshare mini vac will range from correct answers$200-400 Timeshare marketing may be more appropriately referred to as correct answersLead generation Bec...