Timeshare License Exam Questions and Correct Detailed Answers (Verified Answers) ||Already Graded A+||Newest Version

Timeshare License Exam Questions and Correct
Detailed Answers (Verified Answers) ||Already
Graded A+||Newest Version
Quiz: How long is a TSA license valid for?

Ans: 2 years



Quiz: If a timeshare AGENT initially becomes licensed on June 6, 2000, when

will the license expire?

Ans: June 30, 2002 (end of the month - 2 years later)



Quiz: If a timeshare REPRESENTATIVE initially becomes licensed on June 6,

2009, when will the license expire?

Ans: June 30, 2010 (end of the month - 1 year later)



Quiz: An applicant for an original timeshare license MUST provide:

Ans: An application, certificates for passing the examination and completing
the 14 hour course, and $175




o
o
© 2025 TestTrackers
WhatsApp or call o Resources & Updates: [Testtrackers - Stuvia US]
o Your Success is Our Mission!
[+254707240657]
o For online exams and tutor expert, please whatsapp
me in the number given.

, Quiz: 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?

Ans: 20 days



Quiz: A developer may NOT make a material change in the timeshare plan

without giving the Division at LEAST how many days notice?

Ans: 10 days



Quiz: 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?

Ans: $50,000



Quiz: What is a timeshare?

Ans: A guaranteed reservation at the resort of your choice



Quiz: What is a fractional ownership?


o
o
© 2025 TestTrackers
WhatsApp or call o Resources & Updates: [Testtrackers - Stuvia US]
o Your Success is Our Mission!
[+254707240657]
o For online exams and tutor expert, please whatsapp
me in the number given.

, Ans: Ownership of an interval of 1 month to 1/2 year



Quiz: The value of an individual timeshare usually

Ans: decreases in value



Quiz: An agreement between two or more parties is called

Ans: a contract



Quiz: The following elements are necessary to create an agency relationship

EXCEPT:

Ans: consideration



Quiz: The following elements are necessary to create an agency relationship:

Ans: perception of representation, understanding, and reliance



Quiz: Which of the following is NOT necessary to form a contract?

Ans: performance



o
o
© 2025 TestTrackers
WhatsApp or call o Resources & Updates: [Testtrackers - Stuvia US]
o Your Success is Our Mission!
[+254707240657]
o For online exams and tutor expert, please whatsapp
me in the number given.

, Quiz: Which of the following is necessary to form a contract?

Ans: meeting of the minds, consideration, and competence



Quiz: The essential parts of a written contract include

Ans: competent parties, mutual consent, consideration, and legal obligation



Quiz: Which statements MUST be printed above the purchaser's signature

one in each contract for sale of a timeshare?

Ans: The purchaser of a timeshare may cancel, by written notice, the contract
of sale until midnight of the fifth calendar day.



The right of cancellation may not be waived. Any attempt by the developer to
obtain a waiver results in a contract that is voidable by the purchaser.



Quiz: Developer Tyson has defaulted on his project. Which clause provides

protection for prior purchasers?

Ans: non-disturbance clause



Quiz: How would a prospective purchaser get the BEST deal on a timeshare?
o
o
© 2025 TestTrackers
WhatsApp or call o Resources & Updates: [Testtrackers - Stuvia US]
o Your Success is Our Mission!
[+254707240657]
o For online exams and tutor expert, please whatsapp
me in the number given.