Timeshare Test 1 UPDATED Exam
Questions and CORRECT Answers
Marriott Vacation Club just introduced what kind of ownership? - CORRECT ANSWER -
points
Existing Marriott Vacation Club owners will have to convert their ownership into the new
program. - CORRECT ANSWER - FALSE
Timeshare sales have increased or decreased in the United States since last year. - CORRECT
ANSWER - Decreased
At the end of the semester Dr. Kaufman accepts extra credit papers if you have a poor grade. -
CORRECT ANSWER - FALSE
Before the banking issues if you could sign your name and wanted to buy it timeshare resorts
would sell it to you. - CORRECT ANSWER - TRUE
It is a good time to buy a timeshare on the resale market. - CORRECT ANSWER - TRUE
Vacation ownership originated in the United States. - CORRECT ANSWER - FALSE
What company does not have a timeshare segment? - CORRECT ANSWER - None of the
above
If you own a timeshare you must always return to the same resort every year. - CORRECT
ANSWER - FALSE
What decade were timeshares created? - CORRECT ANSWER - 1960s
, Wyndham is charging how much for owners to purchase guest certificates(needed for people the
owner chooses to use the property/not the owner)? - CORRECT ANSWER - $129
Wyndham currently allows owners to sell their points to other owners at no cost. - CORRECT
ANSWER - FALSE
Timeshares are a good real estate investment. - CORRECT ANSWER - FALSE
Hyatt Vacation Club has locations in the following places - CORRECT ANSWER - Key
West, Lake Tahoe, Carmel, CA
Hyatt Vacation Club owners may redeem points for travel to participating Hyatt Hotels and
Resorts. - CORRECT ANSWER - TRUE
The tests and exams are administered in the classroom. If you are more than 10 minutes late you
will not be able to take the exam. - CORRECT ANSWER - TRUE
Timeshare owners are responsible for repairs of their resort in the case of a hurricane. -
CORRECT ANSWER - TRUE
If an owner decides to sell their timeshare it is really easy, there is a big market of people that
want to buy. - CORRECT ANSWER - FALSE
MOST people are satisfied with their time share purchase - CORRECT ANSWER - TRUE
Owners can deed their timeshare to their friends and family - CORRECT ANSWER -
TRUE
There are less than 1,000 timeshare resorts in the United States. - CORRECT ANSWER -
FALSE
Questions and CORRECT Answers
Marriott Vacation Club just introduced what kind of ownership? - CORRECT ANSWER -
points
Existing Marriott Vacation Club owners will have to convert their ownership into the new
program. - CORRECT ANSWER - FALSE
Timeshare sales have increased or decreased in the United States since last year. - CORRECT
ANSWER - Decreased
At the end of the semester Dr. Kaufman accepts extra credit papers if you have a poor grade. -
CORRECT ANSWER - FALSE
Before the banking issues if you could sign your name and wanted to buy it timeshare resorts
would sell it to you. - CORRECT ANSWER - TRUE
It is a good time to buy a timeshare on the resale market. - CORRECT ANSWER - TRUE
Vacation ownership originated in the United States. - CORRECT ANSWER - FALSE
What company does not have a timeshare segment? - CORRECT ANSWER - None of the
above
If you own a timeshare you must always return to the same resort every year. - CORRECT
ANSWER - FALSE
What decade were timeshares created? - CORRECT ANSWER - 1960s
, Wyndham is charging how much for owners to purchase guest certificates(needed for people the
owner chooses to use the property/not the owner)? - CORRECT ANSWER - $129
Wyndham currently allows owners to sell their points to other owners at no cost. - CORRECT
ANSWER - FALSE
Timeshares are a good real estate investment. - CORRECT ANSWER - FALSE
Hyatt Vacation Club has locations in the following places - CORRECT ANSWER - Key
West, Lake Tahoe, Carmel, CA
Hyatt Vacation Club owners may redeem points for travel to participating Hyatt Hotels and
Resorts. - CORRECT ANSWER - TRUE
The tests and exams are administered in the classroom. If you are more than 10 minutes late you
will not be able to take the exam. - CORRECT ANSWER - TRUE
Timeshare owners are responsible for repairs of their resort in the case of a hurricane. -
CORRECT ANSWER - TRUE
If an owner decides to sell their timeshare it is really easy, there is a big market of people that
want to buy. - CORRECT ANSWER - FALSE
MOST people are satisfied with their time share purchase - CORRECT ANSWER - TRUE
Owners can deed their timeshare to their friends and family - CORRECT ANSWER -
TRUE
There are less than 1,000 timeshare resorts in the United States. - CORRECT ANSWER -
FALSE
