Timeshare License Exam/Tennessee Timeshare License Exam/N Timeshare Exam Practice Test/Timeshare License Exam page 1-10/Timeshare License Exam pages 11 to 20/Timeshare License Exam 20 t0 30/Timeshare Test #1/Timeshare Test #2/Timeshare Test #3/TN timeshar

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

What is an acquisition agent? - Answer- People who solicit others to attend a presentation When does your license expire? - Answer- 2 years from the date of issuance What are the powers of the commission? - Answer- The can fine you, suspend your license, or refer you to court. If your licen...

What is the Tennessee Real Estate Commission? - Answer- Judicial body of real estate industry in TN Following discriminatory practice, you should make a complaint with ____ days. - Answer- 180 What is a timeshare estate? - Answer- Ownership or leasehold estate in property devoted to a timeshar...

How long is a TSA license valid for? - Answer- 2 years If a timeshare AGENT initially becomes licensed on June 6, 2000, when will the license expire? - Answer- June 30, 2002 (end of the month - 2 years later) An applicant for an original timeshare license MUST provide: - Answer- An application...

What effect does the existence of a "blanket encumbrance" have on the sale of timeshare at a project? - Answer- Escrow 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 - Answer- resort manager employed...

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

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

If there is a complaint against licensee, they must answer in how many days? - Answer- 10 days If a customer sees a timeshare and buys it how long do they have to cancel the purchase? - Answer- 10 days If the customer does not see the time share and buys it how long do they have to cancel the ...

"Unit" as used in NRS 119A means: a. A lot of any size b. The total timeshare unit c. That portion of a project which is designated for separate use d. A tract of land consisting of 15 acres or more - Answer- That portion of a project which is designated for separate use A timeshare res...

Because of the complexities of the product, the timeshare sales person will spend approximately what percentage of the timeshare presentation on product knowledge? - Answer- 10% After a prospect indicates a willingness to purchase, the salesperson's next big challenge is to: - Answer- Ensure tha...

Which is FALSE regarding trade names? - Answer- Associate broker must register a trade name Duties of broker not required? - Answer- To attend closings What is not a broker relationship? - Answer- Designated Agency Who regulates Septic systems in New Mexico - Answer- New Mexico Environmenta...