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NEVADA TIMESHARE LICENSE BRAND
NEW OFFICIAL QUESTIONS WITH
ANSWERS.
Which of the following is considered deceptive sales practice by
the Federal Trade Commission? - correct answer -Exaggerating
the nature and quality of the resort
Making inaccurate statements about the exchange privileges
Offering premiums that are not actually supplied
When is it okay to record or tape a promotional sales meeting? -
correct answer -Only if the customers are informed verbally and a
placard is prominently displayed
Any sales presentation given to any number of potential
purchasers at one time at any location is called a... - correct
answer -Promotional/sales meeting
Advertisements may contain maps, pictures, and sketches
provided that... - correct answer -Maps are drawn to scale or
labeled as "not to scale'
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Pictures fairly and accurately depict the existing conditions
Sketches are accompanied by a clear statement that the portrayal
are sketches
Which of the following sales techniques and tactics MUST
conform to the standards as outlined in NAC 119A.365? - correct
answer -Each oral statement made to a prospective purchaser at
a promotional meeting must be consistent with written advertising
or other material filed with and approved by the Division
Excessively loud music must not be played during promotional
meeting
Any prospective purchaser who expresses a desire to leave a
promotional meeting at any time during or after the sales
presentation may not be impeded in any manner from departing
or coerced or pressured to remain
EXCEPT for the speaker at the podium, how many additional
salespersons may attempt to close the sale after the initial sales
presentation? - correct answer -One
An advertisement which refers to a community of geographic area
in connection with a project MUST... - correct answer -State the
mileage from a specific point in that community or area, together
with the types of roads traversed
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Which of the following statements is incorrect? - correct answer -
A solicitation need not disclose the purpose for the solicitation
How many people constitute a sales / promotional meeting
presentation? - correct answer -At least 1
A Developer has a timeshare project in Mexico and will be
marketing their project here in Nevada. There will be no sales
presence in Nevada, only advertising. The Developer will need to
take these steps: (select the best answer) - correct answer -Hire a
Project Broker licensed in Nevada and register with the Nevada
Real Estate Division as a Developer
Any free gift promised as an inducement for a prospective
purchaser to attend a presentation may be withheld if the
purchaser... - correct answer -Does not attend the presentation
When an advertisement refers to distance, which of the following
examples would be acceptable to the Real Estate Division? -
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correct answer -Actual distance in miles along a road is stated
together with the types of roads traversed
A "shill" is... - correct answer -Someone affiliated with the project
who makes a "dummy" purchase to get the buying going at a
promotional meeting. They are a false or decoy buyer.
The project developer wants to get sales moving a little. 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? - correct answer -No, discounts can only
be given for quantity purchases or for cash purchases
All advertising to be done at a Nevada timeshare project MUST
be approved by the... - correct answer -Administrator of the Real
Estate Division
It is almost 8:00 in the evening. You have been with your
prospective purchasers since shortly after 2:00 in the afternoon.
You are pretty sure you can close the deal, but they want to talk it
over with their son who is a real estate salesman in Dallas. You
MUST... - correct answer -Allow them to discuss the transaction
with anyone they want, including their son or lawyer
NEVADA TIMESHARE LICENSE BRAND
NEW OFFICIAL QUESTIONS WITH
ANSWERS.
Which of the following is considered deceptive sales practice by
the Federal Trade Commission? - correct answer -Exaggerating
the nature and quality of the resort
Making inaccurate statements about the exchange privileges
Offering premiums that are not actually supplied
When is it okay to record or tape a promotional sales meeting? -
correct answer -Only if the customers are informed verbally and a
placard is prominently displayed
Any sales presentation given to any number of potential
purchasers at one time at any location is called a... - correct
answer -Promotional/sales meeting
Advertisements may contain maps, pictures, and sketches
provided that... - correct answer -Maps are drawn to scale or
labeled as "not to scale'
, Page | 2
Pictures fairly and accurately depict the existing conditions
Sketches are accompanied by a clear statement that the portrayal
are sketches
Which of the following sales techniques and tactics MUST
conform to the standards as outlined in NAC 119A.365? - correct
answer -Each oral statement made to a prospective purchaser at
a promotional meeting must be consistent with written advertising
or other material filed with and approved by the Division
Excessively loud music must not be played during promotional
meeting
Any prospective purchaser who expresses a desire to leave a
promotional meeting at any time during or after the sales
presentation may not be impeded in any manner from departing
or coerced or pressured to remain
EXCEPT for the speaker at the podium, how many additional
salespersons may attempt to close the sale after the initial sales
presentation? - correct answer -One
An advertisement which refers to a community of geographic area
in connection with a project MUST... - correct answer -State the
mileage from a specific point in that community or area, together
with the types of roads traversed
, Page | 3
Which of the following statements is incorrect? - correct answer -
A solicitation need not disclose the purpose for the solicitation
How many people constitute a sales / promotional meeting
presentation? - correct answer -At least 1
A Developer has a timeshare project in Mexico and will be
marketing their project here in Nevada. There will be no sales
presence in Nevada, only advertising. The Developer will need to
take these steps: (select the best answer) - correct answer -Hire a
Project Broker licensed in Nevada and register with the Nevada
Real Estate Division as a Developer
Any free gift promised as an inducement for a prospective
purchaser to attend a presentation may be withheld if the
purchaser... - correct answer -Does not attend the presentation
When an advertisement refers to distance, which of the following
examples would be acceptable to the Real Estate Division? -
, Page | 4
correct answer -Actual distance in miles along a road is stated
together with the types of roads traversed
A "shill" is... - correct answer -Someone affiliated with the project
who makes a "dummy" purchase to get the buying going at a
promotional meeting. They are a false or decoy buyer.
The project developer wants to get sales moving a little. 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? - correct answer -No, discounts can only
be given for quantity purchases or for cash purchases
All advertising to be done at a Nevada timeshare project MUST
be approved by the... - correct answer -Administrator of the Real
Estate Division
It is almost 8:00 in the evening. You have been with your
prospective purchasers since shortly after 2:00 in the afternoon.
You are pretty sure you can close the deal, but they want to talk it
over with their son who is a real estate salesman in Dallas. You
MUST... - correct answer -Allow them to discuss the transaction
with anyone they want, including their son or lawyer
