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Montana Real Estate Unit 6(Timeshares) Questions with 100% Correct Answers | Latest Update | Verified $7.99   Add to cart

Exam (elaborations)

Montana Real Estate Unit 6(Timeshares) Questions with 100% Correct Answers | Latest Update | Verified

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  • Montana Real Estate Unit 6
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  • Montana Real Estate Unit 6

Denial, Suspension, or Revocation of License or Application - -false info in application -failed to follow provisions/rules with timeshare business -convicted of felony -prohibited by court -hasn't complied with board conditions or violates standards of practice Selling/ transferring a time sh...

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  • September 7, 2024
  • 3
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Montana Real Estate Unit 6
  • Montana Real Estate Unit 6
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PatrickKaylian
Montana Real Estate Unit 6(Timeshares)

Denial, Suspension, or Revocation of License or Application - -false info in application

-failed to follow provisions/rules with timeshare business

-convicted of felony

-prohibited by court

-hasn't complied with board conditions or violates standards of practice



Selling/ transferring a time share - -must be registered with the state of Montana

-provide a prospective purchaser with a written public offering statement before the prospective
purchaser signs an agreement for the purchase of a timeshare



Registering a timeshare - -signed by developer with registration fee

--Developer must file a complete application as determined by the board

-financial statements showing financial condition of developer

-fees in excess of stated price per unit, with purpose and calculations

-copy of timeshare instruments and public offering statement

-consent signed by developer-amendment must be filed if changes in timeshare offering occur



Montana Timeshare Act - Title 37, Chapter 53



Timeshares include - structures, campgrounds, campsites, outdoor recreation sites, spaces for
trailer, tent, camper, or similar portable device




Cancelling timeshare purchase agreement - -Within 7 days following receipt of public offering
statement or signing of a timeshare purchase agreement, whichever is later

-will receive refund for any consideration paid

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