Timeshare Bundled Exams with complete solution

Timeshares - Answer-A timeshare property is one in which there is multiple shared ownership or multiple shared use of a piece of real estate. More than a hotel room, timeshares are condominiumstyle units that typically consist of one to three bedrooms, multiple bathrooms, a full kitchen, and a liv...

Administrator - Answer-The Real Estate Administrator Affiliate of the developer - Answer-Means any person who controls, is controlled by or is under common control with a developer, including a person who 1. Is a general partner, officer, director or employer of the developer. 2. Directly or ind...

Administrator - Answer-The Real Estate Administrator Affiliate of the developer - Answer-Means any person who controls, is controlled by or is under common control with a developer, including a person who 1. Is a general partner, officer, director or employer of the developer. 2. Directly or ind...

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 that ...

"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 resort ha...

Timeshare units can be created: - Answer-in any unit unless prohibited by local laws Receipt of Public Offering Statement shall take place no later than: - Answer-Date of sale To be valid, a Public Offering Statement must be: - Answer-signed and dated Disclosure of Recession of Rights must appear...

What can be a timeshare? - Answer-Anything unless prohibited by another document or regulation. What is a project instrument? - Answer-All documents associated with a timeshare. What is the Tennessee Real Estate Commission (TREC)? - Answer-The judicial body of the real estate industry in Tennesse...

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) If a timeshare REPRESENTATIVE initially becomes licensed on June 6, 2009, when will the li...