TIMESHARE NV DE LA 31 A 50 EXAM
QUESTIONS AND ANSWERS 100%
CORRECT.
, Developer Douglas sales agent owes which of the following duties to prospective
purchaser's? - ANSWERDisclosure of all material defects
The covenants, conditions and restrictions in the document called -
ANSWERDeclaration
An agent warrants - ANSWERIntegrity in dealings
All prospective purchaser MUST receive al the following EXCEPT -
ANSWERRepresentation of the customer
Which of the following sale techniques and tactics MUST conform to the standards as
outlined in NAC 119A.365? - ANSWER4 All of the above
Which of the following statements is incorrect? - ANSWERFictitious"contests" must be
used to solicit consumer
any free gift promised as an inducement for a prospoctive purchase to attend a
presentation may be whit held if the purchaser - ANSWERdoes not attend the
presentation
a "shill" is - ANSWERsomeone affiliated with the project who make a "dummy" purchase
to get the buying going at a promotional meeting
the project developer wants to get sales moving a tittle. at a monday sales meeting, the
developer tells the sales manager that they can authorize a 25 discount on any deal for
the next 5 days. is this permitted? - ANSWERno, discounts can only be given for
quantity purchases or for cash purchaes
all advertising to be done at a nevada timeshare project MUST be approved by the -
ANSWERadministrator of the real estate division
Any fees collected by the division for investigative work REQUIRED prior to issuing a
permit or license MUST be deposited in the state treasury for credit to the -
ANSWERgeneral fund
When MUST timeshare permits be renewed? - ANSWERannually
all fees for permits or licenses are deposited in the state treasury for credit to the -
ANSWERgeneral fund
What timeshare interest is offered to a purchaser with a right to use in a timeshare
project? - ANSWERmembership in a club
Upon receipt of cancellation for a reservation to purchase, the developer shall return in
full the total deposit, plus any interest earned, within - ANSWER20 days
QUESTIONS AND ANSWERS 100%
CORRECT.
, Developer Douglas sales agent owes which of the following duties to prospective
purchaser's? - ANSWERDisclosure of all material defects
The covenants, conditions and restrictions in the document called -
ANSWERDeclaration
An agent warrants - ANSWERIntegrity in dealings
All prospective purchaser MUST receive al the following EXCEPT -
ANSWERRepresentation of the customer
Which of the following sale techniques and tactics MUST conform to the standards as
outlined in NAC 119A.365? - ANSWER4 All of the above
Which of the following statements is incorrect? - ANSWERFictitious"contests" must be
used to solicit consumer
any free gift promised as an inducement for a prospoctive purchase to attend a
presentation may be whit held if the purchaser - ANSWERdoes not attend the
presentation
a "shill" is - ANSWERsomeone affiliated with the project who make a "dummy" purchase
to get the buying going at a promotional meeting
the project developer wants to get sales moving a tittle. at a monday sales meeting, the
developer tells the sales manager that they can authorize a 25 discount on any deal for
the next 5 days. is this permitted? - ANSWERno, discounts can only be given for
quantity purchases or for cash purchaes
all advertising to be done at a nevada timeshare project MUST be approved by the -
ANSWERadministrator of the real estate division
Any fees collected by the division for investigative work REQUIRED prior to issuing a
permit or license MUST be deposited in the state treasury for credit to the -
ANSWERgeneral fund
When MUST timeshare permits be renewed? - ANSWERannually
all fees for permits or licenses are deposited in the state treasury for credit to the -
ANSWERgeneral fund
What timeshare interest is offered to a purchaser with a right to use in a timeshare
project? - ANSWERmembership in a club
Upon receipt of cancellation for a reservation to purchase, the developer shall return in
full the total deposit, plus any interest earned, within - ANSWER20 days
