Developer ||Douglas ||sales ||agent ||owes ||which ||of ||the ||following ||duties ||to ||prospective
||purchaser's? ||- ||correct ||answer ||-Disclosure ||of ||all ||material ||defects
The ||covenants, ||conditions ||and ||restrictions ||in ||the ||document ||called ||- ||correct ||answer ||-
Declaration
An ||agent ||warrants ||- ||correct ||answer ||-Integrity ||in ||dealings
All ||prospective ||purchaser ||MUST ||receive ||al ||the ||following ||EXCEPT ||- ||correct ||answer ||-
Representation ||of ||the ||customer
Which ||of ||the ||following ||sale ||techniques ||and ||tactics ||MUST ||conform ||to ||the ||standards ||as
||outlined ||in ||NAC ||119A.365? ||- ||correct ||answer ||-4 ||All ||of ||the ||above
Which ||of ||the ||following ||statements ||is ||incorrect? ||- ||correct ||answer ||-Fictitious"contests"
||must ||be ||used ||to ||solicit ||consumer
any ||free ||gift ||promised ||as ||an ||inducement ||for ||a ||prospoctive ||purchase ||to ||attend ||a
||presentation ||may ||be ||whit ||held ||if ||the ||purchaser ||- ||correct ||answer ||-does ||not ||attend
||the ||presentation
a ||"shill" ||is ||- ||correct ||answer ||-someone ||affiliated ||with ||the ||project ||who ||make ||a
||"dummy" ||purchase ||to ||get ||the ||buying ||going ||at ||a ||promotional ||meeting
the ||project ||developer ||wants ||to ||get ||sales ||moving ||a ||tittle. ||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 ||purchaes
all ||advertising ||to ||be ||done ||at ||a ||nevada ||timeshare ||project ||MUST ||be ||approved ||by ||the ||-
||correct ||answer ||-administrator ||of ||the ||real ||estate ||division
Any ||fees ||collected ||by ||the ||division ||for ||investigative ||work ||REQUIRED ||prior ||to ||issuing ||a
||permit ||or ||license ||MUST ||be ||deposited ||in ||the ||state ||treasury ||for ||credit ||to ||the ||- ||correct
||answer ||-general ||fund
When ||MUST ||timeshare ||permits ||be ||renewed? ||- ||correct ||answer ||-annually
all ||fees ||for ||permits ||or ||licenses ||are ||deposited ||in ||the ||state ||treasury ||for ||credit ||to ||the ||-
||correct ||answer ||-general ||fund
What ||timeshare ||interest ||is ||offered ||to ||a ||purchaser ||with ||a ||right ||to ||use ||in ||a ||timeshare
||project? ||- ||correct ||answer ||-membership ||in ||a ||club
Upon ||receipt ||of ||cancellation ||for ||a ||reservation ||to ||purchase, ||the ||developer ||shall ||return
||in ||full ||the ||total ||deposit, ||plus ||any ||interest ||earned, ||within ||- ||correct ||answer ||-20 ||days
Pledging ||property ||as ||security ||for ||a ||loan ||is ||known ||as ||- ||correct ||answer ||-Hypothecation
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.
During ||the ||promotional ||meeting, ||you ||have ||a ||very ||talented ||speaker ||address ||the
||prospective ||purchasers. ||You ||are ||working ||with ||a ||nice ||couple ||for ||Oregon, ||but ||you ||do
||purchaser's? ||- ||correct ||answer ||-Disclosure ||of ||all ||material ||defects
The ||covenants, ||conditions ||and ||restrictions ||in ||the ||document ||called ||- ||correct ||answer ||-
Declaration
An ||agent ||warrants ||- ||correct ||answer ||-Integrity ||in ||dealings
All ||prospective ||purchaser ||MUST ||receive ||al ||the ||following ||EXCEPT ||- ||correct ||answer ||-
Representation ||of ||the ||customer
Which ||of ||the ||following ||sale ||techniques ||and ||tactics ||MUST ||conform ||to ||the ||standards ||as
||outlined ||in ||NAC ||119A.365? ||- ||correct ||answer ||-4 ||All ||of ||the ||above
Which ||of ||the ||following ||statements ||is ||incorrect? ||- ||correct ||answer ||-Fictitious"contests"
||must ||be ||used ||to ||solicit ||consumer
any ||free ||gift ||promised ||as ||an ||inducement ||for ||a ||prospoctive ||purchase ||to ||attend ||a
||presentation ||may ||be ||whit ||held ||if ||the ||purchaser ||- ||correct ||answer ||-does ||not ||attend
||the ||presentation
a ||"shill" ||is ||- ||correct ||answer ||-someone ||affiliated ||with ||the ||project ||who ||make ||a
||"dummy" ||purchase ||to ||get ||the ||buying ||going ||at ||a ||promotional ||meeting
the ||project ||developer ||wants ||to ||get ||sales ||moving ||a ||tittle. ||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 ||purchaes
all ||advertising ||to ||be ||done ||at ||a ||nevada ||timeshare ||project ||MUST ||be ||approved ||by ||the ||-
||correct ||answer ||-administrator ||of ||the ||real ||estate ||division
Any ||fees ||collected ||by ||the ||division ||for ||investigative ||work ||REQUIRED ||prior ||to ||issuing ||a
||permit ||or ||license ||MUST ||be ||deposited ||in ||the ||state ||treasury ||for ||credit ||to ||the ||- ||correct
||answer ||-general ||fund
When ||MUST ||timeshare ||permits ||be ||renewed? ||- ||correct ||answer ||-annually
all ||fees ||for ||permits ||or ||licenses ||are ||deposited ||in ||the ||state ||treasury ||for ||credit ||to ||the ||-
||correct ||answer ||-general ||fund
What ||timeshare ||interest ||is ||offered ||to ||a ||purchaser ||with ||a ||right ||to ||use ||in ||a ||timeshare
||project? ||- ||correct ||answer ||-membership ||in ||a ||club
Upon ||receipt ||of ||cancellation ||for ||a ||reservation ||to ||purchase, ||the ||developer ||shall ||return
||in ||full ||the ||total ||deposit, ||plus ||any ||interest ||earned, ||within ||- ||correct ||answer ||-20 ||days
Pledging ||property ||as ||security ||for ||a ||loan ||is ||known ||as ||- ||correct ||answer ||-Hypothecation
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.
During ||the ||promotional ||meeting, ||you ||have ||a ||very ||talented ||speaker ||address ||the
||prospective ||purchasers. ||You ||are ||working ||with ||a ||nice ||couple ||for ||Oregon, ||but ||you ||do
