2024 /2025 | © copyright | This work may not be copied for profit gain Excel!
Montana Real Estate Unit 6(Timeshares)
Questions and Correct Answers | Latest
Update
Montana Timeshare Act
✓ -:- Title 37, Chapter 53
Timeshares include
✓ -:- structures, campgrounds, campsites, outdoor recreation sites, spaces
for trailer, tent, camper, or similar portable device
Selling/ transferring a time share
✓ -:- -must be registered with the state of Montana
-provide a prospective purchaser with a written public offering statement before the
prospective purchaser signs an agreement for the purchase of a timeshare
Cancelling timeshare purchase agreement
✓ -:- -Within 7 days following receipt of public offering statement or
signing of a timeshare purchase agreement, whichever is later
-will receive refund for any consideration paid
1 | P a g e | G r a d e A + | 2 0 0 2 5
, 2024 /2025 | © copyright | This work may not be copied for profit gain Excel!
-if
purchaser doesn't receive public offering statement then the agreement is voidable up until
and after for 7 days
Registering a timeshare
✓ -:- -signed by developer with registration fee
--Developer must file a complete application as determined by the board
-financial statements showing financial condition of developer
-fees in excess of stated price per unit, with purpose and calculations
-copy of timeshare instruments and public offering statement
-consent signed by developer-amendment must be filed if changes in timeshare offering
occur
Exemptions from registering a timeshare
✓ -:- -An offer of not more than two timeshare interests by a timeshare
owner in a 12-month period
-A gratuitous transfer of a timeshare interest
-A sale under court order
-A sale by any government or governmental agency
2 | P a g e | G r a d e A + | 2 0 0 2 5
Montana Real Estate Unit 6(Timeshares)
Questions and Correct Answers | Latest
Update
Montana Timeshare Act
✓ -:- Title 37, Chapter 53
Timeshares include
✓ -:- structures, campgrounds, campsites, outdoor recreation sites, spaces
for trailer, tent, camper, or similar portable device
Selling/ transferring a time share
✓ -:- -must be registered with the state of Montana
-provide a prospective purchaser with a written public offering statement before the
prospective purchaser signs an agreement for the purchase of a timeshare
Cancelling timeshare purchase agreement
✓ -:- -Within 7 days following receipt of public offering statement or
signing of a timeshare purchase agreement, whichever is later
-will receive refund for any consideration paid
1 | P a g e | G r a d e A + | 2 0 0 2 5
, 2024 /2025 | © copyright | This work may not be copied for profit gain Excel!
-if
purchaser doesn't receive public offering statement then the agreement is voidable up until
and after for 7 days
Registering a timeshare
✓ -:- -signed by developer with registration fee
--Developer must file a complete application as determined by the board
-financial statements showing financial condition of developer
-fees in excess of stated price per unit, with purpose and calculations
-copy of timeshare instruments and public offering statement
-consent signed by developer-amendment must be filed if changes in timeshare offering
occur
Exemptions from registering a timeshare
✓ -:- -An offer of not more than two timeshare interests by a timeshare
owner in a 12-month period
-A gratuitous transfer of a timeshare interest
-A sale under court order
-A sale by any government or governmental agency
2 | P a g e | G r a d e A + | 2 0 0 2 5
