Nevada Timeshare License EXAM LATEST (2026)
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Terms in this set (169)
The sale of timeshare interests in NRS 119a
the State of Nevada is regulated
under the provisions of:
The law that regulates real estate in NRS 645
Nevada is:
Who appoints the Administrator of The Director of the Department of Business and
the Real Estate Division? Industry
Who appoints the Director of the Governor
Department of Business and
Industry?
Who selects and appoints the Developer
Project Broker?
If a timeshare agent initially June 30, 2002
becomes licensed on June 6, 2000,
when will the license expire?
,If a Sales Agent allows their license $100
to expire, there is a 1 year grace
period in which they can still renew.
In addition to the cost of the
required 6 hours of continuing
education, and license fee, the
Agent will also have to pay for new
fingerprints, and a Late Renewal
Penalty of $________ to the Real Estate
Division. How much is this penalty?
A timeshare owner with the same Fixed use
numbered week of ownership each
year has...
What is fractional ownership? Ownership of an interval of 1 month to one-half
year
Having timeshare ownership that Floating use
may be used seasonally or for a
different week each year based on
available and requiring a
reservation is known as...
Which of the following reasons Driving Record
would NOT be cause for the Real
Estate Division to deny an
application for timeshare sales
license?
You have just completed making a Yes, they have to right to revoke for any reason
timeshare sale. Your buyers go back for 5 calendar days
to their hotel, and after dinner and a
few cocktails, they have second
thoughts about the purchase. Can
they change their minds and get out
of the deal?
, Ted and Alice Smith have arrived at A full refund of their purchase price
their timeshare resort and
produced the confirmed
reservation for a unit. They are
informed that the unit is NOT
available. Ted goes through the
roof, but Alice knows that they are
entitled to all the following
EXCEPT...
Any person who, on behalf of a Registered Representative
developer, induces other persons
to attend a sales presentation is a ...
How many hours of continuing 6 hours
education are required for a
licensed Timeshare Sales Agent?
Mr. Allen was named the project Sales agents and representatives
broker at a Nevada timeshare
resort. For which of the following
most accurately describes the
people will he be responsible for?
In what year did the Nevada 1983
legislature pass the statute
governing timeshare sales?
To effect an exchange, an owner of The home resort
a floating use period MUST first
secure a specific week through
which of the following?
COMPLETE QUESTIONS With 100% Verified
Solutions,
Save
Terms in this set (169)
The sale of timeshare interests in NRS 119a
the State of Nevada is regulated
under the provisions of:
The law that regulates real estate in NRS 645
Nevada is:
Who appoints the Administrator of The Director of the Department of Business and
the Real Estate Division? Industry
Who appoints the Director of the Governor
Department of Business and
Industry?
Who selects and appoints the Developer
Project Broker?
If a timeshare agent initially June 30, 2002
becomes licensed on June 6, 2000,
when will the license expire?
,If a Sales Agent allows their license $100
to expire, there is a 1 year grace
period in which they can still renew.
In addition to the cost of the
required 6 hours of continuing
education, and license fee, the
Agent will also have to pay for new
fingerprints, and a Late Renewal
Penalty of $________ to the Real Estate
Division. How much is this penalty?
A timeshare owner with the same Fixed use
numbered week of ownership each
year has...
What is fractional ownership? Ownership of an interval of 1 month to one-half
year
Having timeshare ownership that Floating use
may be used seasonally or for a
different week each year based on
available and requiring a
reservation is known as...
Which of the following reasons Driving Record
would NOT be cause for the Real
Estate Division to deny an
application for timeshare sales
license?
You have just completed making a Yes, they have to right to revoke for any reason
timeshare sale. Your buyers go back for 5 calendar days
to their hotel, and after dinner and a
few cocktails, they have second
thoughts about the purchase. Can
they change their minds and get out
of the deal?
, Ted and Alice Smith have arrived at A full refund of their purchase price
their timeshare resort and
produced the confirmed
reservation for a unit. They are
informed that the unit is NOT
available. Ted goes through the
roof, but Alice knows that they are
entitled to all the following
EXCEPT...
Any person who, on behalf of a Registered Representative
developer, induces other persons
to attend a sales presentation is a ...
How many hours of continuing 6 hours
education are required for a
licensed Timeshare Sales Agent?
Mr. Allen was named the project Sales agents and representatives
broker at a Nevada timeshare
resort. For which of the following
most accurately describes the
people will he be responsible for?
In what year did the Nevada 1983
legislature pass the statute
governing timeshare sales?
To effect an exchange, an owner of The home resort
a floating use period MUST first
secure a specific week through
which of the following?
