Timeshare License Exam Questions and Answers 100% Solved

Timeshare License Exam Questions and Answers 100% Solved 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 REPRESENTATIVE initially becomes licensed on June 6, 2009, when will the license expire?June 30, 2010 (end of the month - 1 year later) An applicant for an original timeshare license MUST provide: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?20 days A developer may NOT make a material change in the timeshare plan without giving the Division at LEAST how many days notice?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?$50,000 What is a timeshare?A guaranteed reservation at the resort of your choice What is a fractional ownership?Ownership of an interval of 1 month to 1/2 year The value of an individual timeshare usuallydecreases in value An agreement between two or more parties is calleda contract The following elements are necessary to create an agency relationship EXCEPT:consideration