100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
Timeshare Test #3 NEWEST 2025/2026 ACTUAL EXAM COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+||BRAND NEW!! $13.49
Add to cart
Quickly navigate to
Preview
  2.  
  3. BARNEY FLETCHER
  4.  
  5. BARNEY FLETCHER

Exam (elaborations)

Timeshare Test #3 NEWEST 2025/2026 ACTUAL EXAM COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+||BRAND NEW!!
 0 purchase
  • Course
  • BARNEY FLETCHER
  • Institution
  • BARNEY FLETCHER

Timeshare Test #3 NEWEST 2025/2026 ACTUAL EXAM COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+||BRAND NEW!!

Preview 2 out of 8  pages

Document information

  • February 4, 2025
  • 8
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • barney fletcher
  • mental capacity involves a the legal age of
  • a a selling agent b the escrow agent c the re

Written for

  • BARNEY FLETCHER
  • BARNEY FLETCHER

Seller

avatar-seller
AllLegitExams

Reviews received

Content preview

Timeshare Test #3

"Mental capacity" involves:

a. The legal age of the person signing the contract
b. Having a sound mind when signing the contract
c. Being able to read the contract
d. Being able to understand the effect and nature of the contract - ANS-d. Being able to
understand the effect and nature of the contract
"Unit" as used in NRS 119A means:

a. A lot of any size
b. The total timeshare unit
c. That portion of a project which is designated for separate use
d. A tract of land consisting of 15 acres or more - ANS-That portion of a project which is
designated for separate use
A blanket encumbrance is described as:

a. A lien which encumbers more than one unit
b. A lien which encumbers one unit
c. A lien which encumbers only a partial unit
d. A lien which encumbers only handicapped units - ANS-a. A lien which encumbers more than
one unit
A person or entity given responsibility and obligation for the daily operation of a timeshare resort
is:

a. A selling agent
b. The escrow agent
c. The resort manager
d. A timeshare representative - ANS-c. The resort manager
A person who is employed or engaged by a developer to induce or solicit persons to attend an
offer or sale of a timeshare property and to distribute information approved by the Division:

a. Licensed Real Estate Salesman
b. Respondent
c. Timeshare Representative
d. Timeshare Sales Agent - ANS-c. Timeshare Representative
A Project Broker shall give written notice to the Division of a change of association of any sales
agent associated with him within:

a. That same day

, b. Ten (10) days
c. Fifteen (15) days
d. Thirty (30) days - ANS-b. Ten (10) days
A prospective purchaser should receive the disclosure of duties owned by:

a. Nevada Real Estate licensee
b. as soon as practicable
c. no later than three days after a contract is signed
d. during the verification process - ANS-c. no later than three days after a contract is signed
A Public Offering Statement will state on the cover sheet:

a. This Is A Disclosure Report
b. Approved By The Nevada Real Estate Division
c. Consumer Must Read This Report
d. Consumer Should Read This Report Before Signing Any Papers - ANS-d. Consumer Should
Read This Report Before Signing Any Papers
A salesperson owes which of the following duties to the prospective buyer?

a. Loyalty
b. A purchasing incentive
c. Disclosure of material defects
d. All of the above - ANS-d. All of the above
A timeshare deed is always subject to:

a. approval of the Administrator
b. a declaration
c. a financing statement
d. a mortgage - ANS-a. approval of the Administrator
A timeshare interest for which a buyer receives a Grant Deed for fee simple title is:

a. timeshare trust
b. vacation club
c. right to use
d. ownership project - ANS-d. ownership project
A timeshare program offering. purchaser use of a time share interval at different times of the
year with reservations based on availability is called:

a. interval ownership
b. floating time
c. exclusive time periods
d. fractional - ANS-b. floating time
A timeshare representative's registration is valid for:

a. 1 year

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller AllLegitExams. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $13.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

67227 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 15 years now

Start selling
$13.49
  • (0)
Add to cart
Added