Timeshares - Study guides, Class notes & Summaries

Timeshare Test 1 Study Guide Marriott Vacation Club just introduced what kind of ownership? - points Existing Marriott Vacation Club owners will have to convert their ownership into the new program. - FALSE Timeshare sales have increased or decreased in the United States since last year. - Decreased At the end of the semester Dr. Kaufman accepts extra credit papers if you have a poor grade. - FALSE Before the banking issues if you could sign your name and wanted to buy it timesh...

Which of the following statements is true regarding Ad Valorem taxation in North Carolina? 1. Real property is taxed according to its most recent sale price. 2. The Machinery Act requires reassessment tax purposes every 4 years. 3. Real property taxes and special assessments constitute an involuntary lien against property on January 1st of the next year. 4. Tax rates are effective until the next revaluation year. - 3. Real property taxes and special assessments constitute an involuntary li...

Timeshare Test #1 An owner who has a leasehold in a timeshare condominium has: A. Whole ownership B. Fee simple ownership C. Interval of time D. Cooperative - 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. Person who induces others to attend a timeshare presentation - B. Person who sells timeshares on behalf of a developer Until closing, all monies, negotiable instruments or other deposits...

Mississippi State Agency which was created by 73-35-5 to regulate the licensing of real estate brokers and salespersons, which it's duties and authorities are included in the law. - ANSWER Mississippi Real Estate Commission MREC Any leasehold, interest, or estate in land, including timeshares and condominiums, whether corporal or incorporal, freehold or non-freehold, located in MS or elsewhere. Does NOT include: oil, gas, minerals, leases, leaseholds, estates, or interest of any nature. - AN...

TN Real estate-Timeshare Ownership Latest Update Graded A+ Timeshares 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 condominium-style units that typically consist of one to three bedrooms, multiple bathrooms, a full kitchen, and a living room. Timeshares CONTINUE They're nearly always furnished, and amenities such as indoor and outdoor swimming pools are common. Timeshares are nea...

Gold Coast Real Estate Chapter 8 Complete Solutions Verified All of the following estates include legal title to real property, EXCEPT: (a) Tenancy for years (b) Fee simple estate (c) Life estate (d) Tenancy by the entireties - ANS(a) Tenancy for years Florida timeshare projects are regulated by which organization? (a) Florida Real Estate Commission (b) Department of Community Affairs (c) Division of Florida Condominiums, Timeshares and Mobile Homes (d) Department of Housing and Urban...

TN Real estate-Timeshare Ownership Exam Questions and Answers 100% Pass Timeshares - Correct 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 condominium-style units that typically consist of one to three bedrooms, multiple bathrooms, a full kitchen, and a living room. Timeshares CONTINUE - Correct Answer ️️ -They're nearly always furnished, and amenities suc...

Timeshare Test #1 Exam Questions And Answers An owner who has a leasehold in a timeshare condominium has: A. Whole ownership B. Fee simple ownership C. Interval of time D. Cooperative - ANS 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. Person who induces others to attend a timeshare presentation - ANS B. Person who sells timeshares on behalf of a developer Until closing, all mo...

Depository Institution - ANSWERAny bank or savings association covered by the Federal Deposit Insurance Act. Bank--someone who has credit cards Immediate Family Member - ANSWERThis includes parent, child, spouse, sibling, grandparent, grandchild, adoptive relationships, stepchild and stepparent. No aunts, uncles and cousins. Mortgage Loan Originator - ANSWERAn individual who helps a consumer obtain or apply for a residential mortgage loan. By definition, the mortgage loan originator expect...

A Superior Test NC License Law 01 Questions and Answers What is the first point at which a provisional broker may begin practicing real estate in North Carolina? A:When the NCREC received notification of the provisional brokers activation with a BIC B:Upon successful completion of all coursework and required examinations C:Upon completion of all educational requirements D:Upon formal notification from the NCREC that the candidate has the successfully passed the real estate examination an...