Timeshare Test #1 Questions and Answers (100% Pass)
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Course
Timeshare License
Institution
Timeshare License
Timeshare Test #1 Questions and Answers (100% Pass)
An owner who has a leasehold in a timeshare condominium has:
A. Whole ownership
B. Fee simple ownership
C. Interval of time
D. Cooperative - Answer️️ -C. Interval of time
A timeshare agent is a person who is
A. Project Broker
B. Person...
D. Joint tenancy - Answer✔️✔️-B. Membership in a club
Developers must comply with laws from what government agency? - Answer✔️✔️-
Federal, City, and State
A state in NRS 119A.120 who is defined as a representative? - Answer✔️✔️-A
person who is not a sales agent but who on behalf of developer induces other
persons to attend a sales presentation
Who or what below is not included in the definition of a "Person" as stated in NRS
119A.070?
A. A government
B. A purchaser
C. A government agency
D. A political subdivision of a government - Answer✔️✔️-B. A purchaser
As stated in NRS 119A.370 a timeshare must not be offered for sale in this state
until the advertisement or offering is approved by the division
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