NEVADA TIMESHARE LICENCE TEST WITH COMPLETE
SOLUTIONS
1.How klong kis ka kTSA klicense kvalid kfor?: k2 kyears
2.If ka ktimeshare kagent kinitially kbecomes klicensed kon kJune k6, k2000,
kwhen kwill kthe klicense kexpire?: kJune k30, k2002
3.An kapplicant kfor kan koriginal ktimeshare klicense kmust kprovide?: kAn
kapplication, kcertificates kfor kpassing kthe kexamination kand kfor
kcompleting kthe k14-hour kpre-licensing kcourse, kand k$200
4.If ka ktimeshare kagent kis kserved knotice kthat kthe kdivision khas kfiled
kcharges kagainst khim/her, khe/she khas khow kmany kdays kin kwhich kto kfile
kwith kthe kDivision kand kanswer kto kthe kcharges?: k30 kdays
5.The kdeveloper kmay kNOT kmake ka kmaterial kchange kin kthe ktimeshare
kplan kwithout kgiving kthe kdivision kat kLEAST khow kmany kdays' knotice?:
k10 kdays
6.Which kof kthe kfollowing kis kNOT knecessary kto kform ka kcontract?:
kperformance
7.The kessential kparts kof ka kwritten kcontract kinclude?: kcompetent kparties,
kmutual kconsent, kconsideration, kand klegal kobligation
8.Which kof kthe kfollowing kstatements kMUST kbe kprinted kabove kthe
kpurchaser's ksignature kline kin keach kcontract kfor kthe ksale kof ka
1 k/
k13
, ktimeshare?: kBoth kA kand kB
9.Developer kTyson khas kdefaulted kon khis kproject. kWhich kclause kprovides
kpro- ktection kfor kprior kpurchasers?: kNon-disturbance kclause
10.How kwould ka kprospective kpurchaser kget kthe kBEST kdeal kon ka
ktimeshare?: k-
Buy kit kfrom kan kexisting kowner
11.MOST ktimeshare kunits kare ksold kon kcredit. kThese klending
karrangements kMUST kcomply kwith kRegulation kZ kof kthe kFederal kReserve
kBoard. kThe kPRIMARY kpurpose kof kRegulation kZ, kas kapplied kto ktimeshare
ksales, kis kto kassure:: kFull kdisclosure kof kall kthe kfinancing kcost kand
kcharges
12.The kFederal kreserves kboard's kRegulation kZ kis kapplicable kto kall kof kthe
kfollow- king?: kAll kof kthe kabove k(Fees, kright kto kuse, kcampsite
kmembership)
13.Financing kof kindividual kunits ksales kis kthe kmost koften kprovided kby?:
kThe kdeveloper
14.Anyone kpurchasing ktimeshare kMUST: ksign ka kwritten kcontract
15.After ka kpurchaser khas ksigned kthe ktimeshare kpurchase kagreement, kthe
kpur- kchaser kmay: kCancel kthe kagreement kat kany ktime kin kthe knext k5
kdays
16.it kis kdiscovered kthat kthe ktitle kof ka kproject kis k"unmerchantable"
kbecause kan keasement khas kbeen kfound kwhich kmay kNOT kbe kremoved.
kWhat kshould ka ktime- kshare kagent kdo?: kNot kto kattempt kto ksell ka kunit
kwhere kthe ktitle kiss kunmerchantable
17.Ted kand kAlice khave karrived kat ktheir ktimeshare kresort kand kproduce kthe
kcon- kfirmed kreservation kfor ka kunit kthey kare kinformed kthat kthe kunit kis
kNOT kavailable. kTed kgoes kthrough kthe kroof, kbut kAlice khas kread kup kon
kTimeshare kOwner's kRights kin kNevada. kShe klistens kpolitely kto kthe
kapologies kof kthe kdesk kclerk kand kthen kdemands kto ksee kthe krepresentative
kof kthe kowner's kassociation, kif kthere kis kno
2 k/
k13
SOLUTIONS
1.How klong kis ka kTSA klicense kvalid kfor?: k2 kyears
2.If ka ktimeshare kagent kinitially kbecomes klicensed kon kJune k6, k2000,
kwhen kwill kthe klicense kexpire?: kJune k30, k2002
3.An kapplicant kfor kan koriginal ktimeshare klicense kmust kprovide?: kAn
kapplication, kcertificates kfor kpassing kthe kexamination kand kfor
kcompleting kthe k14-hour kpre-licensing kcourse, kand k$200
4.If ka ktimeshare kagent kis kserved knotice kthat kthe kdivision khas kfiled
kcharges kagainst khim/her, khe/she khas khow kmany kdays kin kwhich kto kfile
kwith kthe kDivision kand kanswer kto kthe kcharges?: k30 kdays
5.The kdeveloper kmay kNOT kmake ka kmaterial kchange kin kthe ktimeshare
kplan kwithout kgiving kthe kdivision kat kLEAST khow kmany kdays' knotice?:
k10 kdays
6.Which kof kthe kfollowing kis kNOT knecessary kto kform ka kcontract?:
kperformance
7.The kessential kparts kof ka kwritten kcontract kinclude?: kcompetent kparties,
kmutual kconsent, kconsideration, kand klegal kobligation
8.Which kof kthe kfollowing kstatements kMUST kbe kprinted kabove kthe
kpurchaser's ksignature kline kin keach kcontract kfor kthe ksale kof ka
1 k/
k13
, ktimeshare?: kBoth kA kand kB
9.Developer kTyson khas kdefaulted kon khis kproject. kWhich kclause kprovides
kpro- ktection kfor kprior kpurchasers?: kNon-disturbance kclause
10.How kwould ka kprospective kpurchaser kget kthe kBEST kdeal kon ka
ktimeshare?: k-
Buy kit kfrom kan kexisting kowner
11.MOST ktimeshare kunits kare ksold kon kcredit. kThese klending
karrangements kMUST kcomply kwith kRegulation kZ kof kthe kFederal kReserve
kBoard. kThe kPRIMARY kpurpose kof kRegulation kZ, kas kapplied kto ktimeshare
ksales, kis kto kassure:: kFull kdisclosure kof kall kthe kfinancing kcost kand
kcharges
12.The kFederal kreserves kboard's kRegulation kZ kis kapplicable kto kall kof kthe
kfollow- king?: kAll kof kthe kabove k(Fees, kright kto kuse, kcampsite
kmembership)
13.Financing kof kindividual kunits ksales kis kthe kmost koften kprovided kby?:
kThe kdeveloper
14.Anyone kpurchasing ktimeshare kMUST: ksign ka kwritten kcontract
15.After ka kpurchaser khas ksigned kthe ktimeshare kpurchase kagreement, kthe
kpur- kchaser kmay: kCancel kthe kagreement kat kany ktime kin kthe knext k5
kdays
16.it kis kdiscovered kthat kthe ktitle kof ka kproject kis k"unmerchantable"
kbecause kan keasement khas kbeen kfound kwhich kmay kNOT kbe kremoved.
kWhat kshould ka ktime- kshare kagent kdo?: kNot kto kattempt kto ksell ka kunit
kwhere kthe ktitle kiss kunmerchantable
17.Ted kand kAlice khave karrived kat ktheir ktimeshare kresort kand kproduce kthe
kcon- kfirmed kreservation kfor ka kunit kthey kare kinformed kthat kthe kunit kis
kNOT kavailable. kTed kgoes kthrough kthe kroof, kbut kAlice khas kread kup kon
kTimeshare kOwner's kRights kin kNevada. kShe klistens kpolitely kto kthe
kapologies kof kthe kdesk kclerk kand kthen kdemands kto ksee kthe krepresentative
kof kthe kowner's kassociation, kif kthere kis kno
2 k/
k13
