TIMESHARE 8 EXAM QUESTIONS AND ANSWERS 100% SOLVED  

If a timeshare agent is served notice that the division has filed charges against him/her he/she has how many days in which to file with the division and answer the charges? - ANSWER30 days Failure to turn over money received in the course of a timeshare interval sale within a reasonable time is a violation of? - ANSWERNRS 119A The real-estate division is considered? - ANSWERAn administrative unit of the state government The developer may not make a material change in the timeshare plan without giving the division at LEAST how many days notice? - ANSWER10 days Which of the following is NOT necessary to form a contract? - ANSWERPerformance The essential parts of a written contract include? - ANSWERCompetent parties, mutual consent consideration and legal obligation If the developer or authorized sales agent obtains a waiver of rights to cancel from a purchaser, the contract for sales is? - ANSWERVoid Developer Douglas, sales agent, owes which of the following duties to prospective purchasers? - ANSWERDisclosure to all material defects The document that provides for the maintenance, management, procedures to add unit, systems of identification of the time periods, and for assessment of the expenses of the timeshare project is called the? - ANSWERContract of sale Which of the following statements MUST be printed above the purchase's signature line