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nevada timeshare lic questions with answers

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nevada timeshare lic questions with answers

INTERVAL OF TIME - ....🔰VERIFIED ANSWERS.... ✔✔AN OWNER WHO HAS A
LEASEHOLD IN A TIMESHARE CONDOMINIUM HAS



A TIMESHARE AGENT IS.. - ....🔰VERIFIED ANSWERS.... ✔✔A PERSON WHO SELLS
TIMESHARES ON BEHALF OF A DEVELOPER



AN ESCROW AGENT ACCOUNT APPROVED BY THE DIVISON - ....🔰VERIFIED
ANSWERS.... ✔✔UNTIL CLOSING ALL MONIES, NEGOTIABLE INSTRUMENTS OR
OTHER DEPOSITS PERTAINING SALE OF A TIMESHARE MUST BE PLACES IN..



PUBLIC OFFERING STATEMENT - ....🔰VERIFIED ANSWERS.... ✔✔WHICH
DOCUMENT MUST BE REVIEWED AND SIGNED BY THE PURCHASER BEFORE THE
EXECUTION OF ANY CONTRACT FOR THE SALE OF TIMESHARE..



MEMBERSHIP IN CLUB - ....🔰VERIFIED ANSWERS.... ✔✔A RIGHT TO USE
TIMESHARE PROJECT OFFERS THE PURCHASER OF A TIMESHARE INTEREST



AS STATED IN THE NRS 119A.120 WHO IS DEFINED AS A REP - ....🔰VERIFIED
ANSWERS.... ✔✔A PERSON WHO IS NOT A SALES AGENT BUT WHO ON BEHALF OF
DEVELOPER INDUCES OTHER PERSOS TO ATTEND A SALES PRESENTATION (AKA
MARKETER)



DEVELOPER MUST COMPLY WITH LAWS FROM WHAT GOVERNMENT AGENCY?
- ....🔰VERIFIED ANSWERS.... ✔✔FEDERAL,CITY AND STATE.



WHO VIS INCLUDED IN THE DEFINITION OF A "PERSON" AS STATED IN NRS
119A.070 - ....🔰VERIFIED ANSWERS.... ✔✔GOVERMENTS, GOVERMENT AGENCY
AND POLITICAL SUBDIVISION OF A GOVERNMENT (NOT A PURCHASER!!)

, AS STATED IN NRS. 119A.370 A TIMESHARE MUST NOT BE OFFERED FOR SALE IN
THIS STATE UNTIL THE ADVERTISEMENT OR OFFERING IS APPROVED BY THE
DIVISION - ....🔰VERIFIED ANSWERS.... ✔✔TRUE



TIMESHARE AND TIMESHARE PROJECTS, AS REFERRED TO IN NRD 119A.200 ARE
SUBJECT TO LICENSING BY LOCCAL GOV FOR REVENUE - ....🔰VERIFIED
ANSWERS.... ✔✔TRUE



TIMESHARE RESALE MEANS? - ....🔰VERIFIED ANSWERS.... ✔✔THE SALE OF A
TIMESHARE OR TRANSFER OF A TIMESHARE THAT WAS PREVIOUSLY SOLD TO A
PURCHASER



FLOATING TIME - ....🔰VERIFIED ANSWERS.... ✔✔WHEN A TIMESHARE RESORT
OFFERS A PURCHASER THE USE OG TIMESHARE INTERVAL AT DIFFERENT TIMES
OF THE YEAR WITH RESERVATIONS BASED ON AVAILABILITY CONCEPT IS CALLED



A PERSON WHO WISHES TO LIST, ADVERTISE FOR RESALE, SOLICIT PROSPECTIVE
PURCHASERS OR PROMOTE OR RESELL 12 OR MORE TIMESHARES THAT WERE
PREVIOUSLY SOLD MUST: - ....🔰VERIFIED ANSWERS.... ✔✔BE LIC AS A REAL
ESTATE BROKER PURSUANT TO PROVISIONS OF NRS 645 AND REGISTER AS A
TIMESHARE RESALE BROKER WITH THE DIVISION BY COMPLETING A FORM FOR
REGISTRATION PROVIDED BY THE DIVISION



IN A TIMESHARE PROGRAM THE ANNUAL MAINTENANCE FEE CHARGED
NORMALLY INCLUDES: - ....🔰VERIFIED ANSWERS.... ✔✔TAXES,REPLACEMENT OF
FURNITURE, MAINTENANCE OF ROOMS



MINIMUM AGE TO BUY A TIMESHARE - ....🔰VERIFIED ANSWERS.... ✔✔18

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