Timeshare License Exam Practice Questions and Answers (100% Pass)
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Course
Timeshare License
Institution
Timeshare License
Timeshare License Exam Practice
Questions and Answers (100% Pass)
How long is a TSA license valid for? - ️️ 2 years
If a timeshare AGENT initially becomes licensed on June 6, 2000, when will the license
expire? - ️️ June 30, 2002 (end of the month - 2 years later)
If a timeshare REPRES...
WEST VIRGINIA UNIVERSIRTY-WV26506
The right of cancellation may not be waived. Any attempt by the developer to obtain a
waiver results in a contract that is voidable by the purchaser.
Developer Tyson has defaulted on his project. Which clause provides protection for
prior purchasers? - ✔️✔️non-disturbance clause
How would a prospective purchaser get the BEST deal on a timeshare? - ✔️✔️buy it from
an existing owner
The purchaser may cancel the transaction - ✔️✔️until midnight of the 5th calendar day
after signing
Escrow may NOT be closed until the - ✔️✔️1. buyer's check clears his bank
2. project is free and clear of any blanket encumbrances
3. cancellation period has expired
Developer Douglas has submitted an application to the administrator for a permit to sell
timeshares. The Division shall issue an order within how many days after the receipt of
the application? - ✔️✔️30 days
The administrator has scheduled an informal meeting to discuss certain sales practices
at Douglas' promotional meetings. Which of the following is NOT true? - ✔️✔️1. Matters
discussed or materials presented may be used in any subsequent formal hearings
2. May be tap recorded
3
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