Timeshare Quiz 2 Questions with
All Correct Answers
What is normally included in the annual maintenance fee charged in a timeshare
program? - Answer-all of the above
Which of the following is NOT required for contract documents - Answer-None of the
above
Who issues the public offering statement - Answer-the division
When should the duties owned form be shown - Answer-during the verification process
A blanket of encumbrance means a lien which encompasses - Answer-one or more
timeshares
timeshare as defined by NRS 119a.140 means - Answer-the right to use and occupy a
unit on a recurrent periodic basis according to an arrangement with various timeshare
owners
including any law, ordinance or governmental regulation any document creating or
regulation timeshare is known as - Answer-the timeshare instrument
as defined by NRS 119A a unit is the - Answer-portion of a project which is designated
for separate use
a person or entity given the respocibility and obligation for daily operation of a timeshare
resort is refferd to as the - Answer-resort manager
what is a fixed unit - Answer-a specific unit
which of the following refers to that portion of the property designed for separate use -
Answer-unit
the report issued by the administrator authorizing a developer to offer to sale timeshare
is the - Answer-public offering statement
the person who is the equitable or the legal owner of the timeshare is the - Answer-
owner
All Correct Answers
What is normally included in the annual maintenance fee charged in a timeshare
program? - Answer-all of the above
Which of the following is NOT required for contract documents - Answer-None of the
above
Who issues the public offering statement - Answer-the division
When should the duties owned form be shown - Answer-during the verification process
A blanket of encumbrance means a lien which encompasses - Answer-one or more
timeshares
timeshare as defined by NRS 119a.140 means - Answer-the right to use and occupy a
unit on a recurrent periodic basis according to an arrangement with various timeshare
owners
including any law, ordinance or governmental regulation any document creating or
regulation timeshare is known as - Answer-the timeshare instrument
as defined by NRS 119A a unit is the - Answer-portion of a project which is designated
for separate use
a person or entity given the respocibility and obligation for daily operation of a timeshare
resort is refferd to as the - Answer-resort manager
what is a fixed unit - Answer-a specific unit
which of the following refers to that portion of the property designed for separate use -
Answer-unit
the report issued by the administrator authorizing a developer to offer to sale timeshare
is the - Answer-public offering statement
the person who is the equitable or the legal owner of the timeshare is the - Answer-
owner
