Las Vegas Timeshare exam 2023 with 100% correct answers

Timeshare correct answersRight to use and occupy a unit on a recurrent periodic basis according to an arrangement allocating the right among various owners. Timeshare types include: correct answersDeed ownership, lease rights, and membership in a club. Floating week interval owner correct answersOwns a specific number of weeks each year. Participants in an exchange programs correct answersMay be required to use the program included with the purchase of their timeshare. A four-plex has been turned into a timeshare. Does it need it be registered with the Nevada Real Estate Division? correct answersNo, because it is fewer than 12 in a project. A timeshare development in Utah will be including marketing from a Nevada development. Do you need to hire a Project Broker and register with the Nevada Real Estate Division? correct answersYes, because it is being advertised/marketed in Nevada. An exchange program: correct answers1. Is created to enable a timeshare owner to exchange their occupancy rights with another timeshare owner. 2. Enables a timeshare owner the ability to recoup some of their annual expenses and or use someone else's timeshare at the same facility. 3. Must provide the purchaser of a timeshare with certain statements. Nevada law requires a developer who operates an exchange program to provide the purchaser with the following: correct answers1. Names of the officers, directors, and shareholders owning at least 5% of the outstanding stock of the company. 2. A statement indicating whether the purchaser's participation in the program is dependent upon the continued inclusion of the timeshare in the program.