Timeshare License Exam question and answers rated A+ 100%

Timeshare License Exam question and answers rated A+ 100%How long is a TSA license valid for? - correct answer 2 years If a timeshare AGENT initially becomes licensed on June 6, 2000, when will the license expire? - correct 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 license expire? - correct answer June 30, 2010 (end of the month - 1 year later) An applicant for an original timeshare license MUST provide: - correct answer An application, certificates for passing the examination and completing the 14 hour course, and $175 If a timeshare agent is served notice that the division has filed charges against him/her, he/she has how many days in which to file with the Division and answer to the charges? - correct answer 20 days A developer may NOT make a material change in the timeshare plan without giving the Division at LEAST how many days notice? - correct answer 10 days If the highest monthly total of deposits received by a project is $50,000 what is the amount of surety bond REQUIRED for the benefit of the purchasers? - correct answer $50,000 What is a timeshare? - correct answer A guaranteed reservation at the resort of your choice What is a fractional ownership? - correct answer Ownership of an interval of 1 month to 1/2 year The value of an individual timeshare usually - correct answer decreases in value