Nevada Timeshare License EXAM LATEST (2026) COMPLETE
QUESTIONS With 100% Verified Solutions,
The sale of timeshare interests in the State of Nevada is regulated under the
provisions of: - (ANSWERS)NRS 119a
The law that regulates real estate in Nevada is: - (ANSWERS)NRS 645
Who appoints the Administrator of the Real Estate Division? -
(ANSWERS)The Director of the Department of Business and Industry
Who appoints the Director of the Department of Business and Industry? -
(ANSWERS)Governor
Who selects and appoints the Project Broker? - (ANSWERS)Developer
If a timeshare agent initially becomes licensed on June 6, 2000, when will
the license expire? - (ANSWERS)June 30, 2002
If a Sales Agent allows their license to expire, there is a 1 year grace period
in which they can still renew. In addition to the cost of the required 6 hours
of continuing education, and license fee, the Agent will also have to pay for
new fingerprints, and a Late Renewal Penalty of $________ to the Real
,Nevada Timeshare License EXAM LATEST (2026) COMPLETE
QUESTIONS With 100% Verified Solutions,
Estate Division. How much is this penalty? - (ANSWERS)$100
A timeshare owner with the same numbered week of ownership each year
has... - (ANSWERS)Fixed use
What is fractional ownership? - (ANSWERS)Ownership of an interval of 1
month to one-half year
Having timeshare ownership that may be used seasonally or for a different
week each year based on available and requiring a reservation is known as...
- (ANSWERS)Floating use
Which of the following reasons would NOT be cause for the Real Estate
Division to deny an application for timeshare sales license? -
(ANSWERS)Driving Record
You have just completed making a timeshare sale. Your buyers go back to
their hotel, and after dinner and a few cocktails, they have second thoughts
about the purchase. Can they change their minds and get out of the deal? -
(ANSWERS)Yes, they have to right to revoke for any reason for 5 calendar
days
,Nevada Timeshare License EXAM LATEST (2026) COMPLETE
QUESTIONS With 100% Verified Solutions,
Ted and Alice Smith have arrived at their timeshare resort and produced the
confirmed reservation for a unit. They are informed that the unit is NOT
available. Ted goes through the roof, but Alice knows that they are entitled
to all the following EXCEPT... - (ANSWERS)A full refund of their
purchase price
Any person who, on behalf of a developer, induces other persons to attend a
sales presentation is a ... - (ANSWERS)Registered Representative
How many hours of continuing education are required for a licensed
Timeshare Sales Agent? - (ANSWERS)6 hours
Mr. Allen was named the project broker at a Nevada timeshare resort. For
which of the following most accurately describes the people will he be
responsible for? - (ANSWERS)Sales agents and representatives
In what year did the Nevada legislature pass the statute governing timeshare
sales? - (ANSWERS)1983
, Nevada Timeshare License EXAM LATEST (2026) COMPLETE
QUESTIONS With 100% Verified Solutions,
To effect an exchange, an owner of a floating use period MUST first secure
a specific week through which of the following? - (ANSWERS)The home
resort
A Broker that works on behalf of a Developer of Timeshare to coordinate
and supervise all sales activities is known as a... - (ANSWERS)Project
Broker
If the relationship changes between the Sales Agent, Developer and/or the
Broker, this must be reported to the Real Estate Division within... -
(ANSWERS)10 days
The Division will issue a license to those who follow and complete the
process set forth in NRS 119a. Initially, the division will issue a... -
(ANSWERS)Provisional License until satisfactory results from the FBI
fingerprint background check are received by the Division
When a Provisional License is issued by the Division, there are certain
restrictions that apply to the Sales Agent that include all of the following
EXCEPT... - (ANSWERS)May not earn a commission from the Broker
while the Sales Agent's license is in a Provisional condition
QUESTIONS With 100% Verified Solutions,
The sale of timeshare interests in the State of Nevada is regulated under the
provisions of: - (ANSWERS)NRS 119a
The law that regulates real estate in Nevada is: - (ANSWERS)NRS 645
Who appoints the Administrator of the Real Estate Division? -
(ANSWERS)The Director of the Department of Business and Industry
Who appoints the Director of the Department of Business and Industry? -
(ANSWERS)Governor
Who selects and appoints the Project Broker? - (ANSWERS)Developer
If a timeshare agent initially becomes licensed on June 6, 2000, when will
the license expire? - (ANSWERS)June 30, 2002
If a Sales Agent allows their license to expire, there is a 1 year grace period
in which they can still renew. In addition to the cost of the required 6 hours
of continuing education, and license fee, the Agent will also have to pay for
new fingerprints, and a Late Renewal Penalty of $________ to the Real
,Nevada Timeshare License EXAM LATEST (2026) COMPLETE
QUESTIONS With 100% Verified Solutions,
Estate Division. How much is this penalty? - (ANSWERS)$100
A timeshare owner with the same numbered week of ownership each year
has... - (ANSWERS)Fixed use
What is fractional ownership? - (ANSWERS)Ownership of an interval of 1
month to one-half year
Having timeshare ownership that may be used seasonally or for a different
week each year based on available and requiring a reservation is known as...
- (ANSWERS)Floating use
Which of the following reasons would NOT be cause for the Real Estate
Division to deny an application for timeshare sales license? -
(ANSWERS)Driving Record
You have just completed making a timeshare sale. Your buyers go back to
their hotel, and after dinner and a few cocktails, they have second thoughts
about the purchase. Can they change their minds and get out of the deal? -
(ANSWERS)Yes, they have to right to revoke for any reason for 5 calendar
days
,Nevada Timeshare License EXAM LATEST (2026) COMPLETE
QUESTIONS With 100% Verified Solutions,
Ted and Alice Smith have arrived at their timeshare resort and produced the
confirmed reservation for a unit. They are informed that the unit is NOT
available. Ted goes through the roof, but Alice knows that they are entitled
to all the following EXCEPT... - (ANSWERS)A full refund of their
purchase price
Any person who, on behalf of a developer, induces other persons to attend a
sales presentation is a ... - (ANSWERS)Registered Representative
How many hours of continuing education are required for a licensed
Timeshare Sales Agent? - (ANSWERS)6 hours
Mr. Allen was named the project broker at a Nevada timeshare resort. For
which of the following most accurately describes the people will he be
responsible for? - (ANSWERS)Sales agents and representatives
In what year did the Nevada legislature pass the statute governing timeshare
sales? - (ANSWERS)1983
, Nevada Timeshare License EXAM LATEST (2026) COMPLETE
QUESTIONS With 100% Verified Solutions,
To effect an exchange, an owner of a floating use period MUST first secure
a specific week through which of the following? - (ANSWERS)The home
resort
A Broker that works on behalf of a Developer of Timeshare to coordinate
and supervise all sales activities is known as a... - (ANSWERS)Project
Broker
If the relationship changes between the Sales Agent, Developer and/or the
Broker, this must be reported to the Real Estate Division within... -
(ANSWERS)10 days
The Division will issue a license to those who follow and complete the
process set forth in NRS 119a. Initially, the division will issue a... -
(ANSWERS)Provisional License until satisfactory results from the FBI
fingerprint background check are received by the Division
When a Provisional License is issued by the Division, there are certain
restrictions that apply to the Sales Agent that include all of the following
EXCEPT... - (ANSWERS)May not earn a commission from the Broker
while the Sales Agent's license is in a Provisional condition
