TIMESHARE EXAM 2025 QUESTIONS
100% ACCURATE.
, NRS 119a - ANSWERThe sale of timeshare interests in the State of Nevada is
regulated under the provisions of:
NRS 645 - ANSWERThe law that regulates real estate in Nevada
The Director of the Department of Business and Industry - ANSWERAppoints the
Administrator of the Real Estate Division
Governor - ANSWERAppoints the Director of the Department of Business and Industry
Developer - ANSWERSelects and appoints the Project Broker
If a timeshare AGENT initially becomes licensed on June 6, 2000, when will the license
expire? - ANSWERJune 30, 2002 (end of the month - 2 years later)
If a Sales Agent allows their license to expire, there is a 1 year grace period in which
they can still renew. In addition to the cost of the required 6 hours of continuing
education and license fee, the agent will also have to pay for new fingerprints, and a
Late Registration Penalty of $_____ to the Real Estate Division - ANSWER$100
Fixed use - ANSWERA timeshare owner with the same numbered week of ownership
each year has
Fractional Ownership - ANSWEROwnership of an interval of 1 month to one-half year
Floating use - ANSWERHaving a timeshare ownership that may be used seasonally or
for a different week each year based on available and requiring a reservation is known
as
Reasons for the Real Estate Division to deny an application for timeshare sales license
- ANSWER- Criminal record
- Being behind on court ordered child support
- Crimes of moral turpitude
A guest changes their mind about the timeshare they purchased earlier in the day. Can
they change their minds and get out of the deal? - ANSWERYes, they have the right ti
revoke for any reason for 5 calendar days
Registered Representative - ANSWERAny person who, on behalf of a developer,
induces other persons to attend a sales presentation is a
How many hours of continuing education are required for a licensed Timeshare Sales
Agent - ANSWER6 hours
100% ACCURATE.
, NRS 119a - ANSWERThe sale of timeshare interests in the State of Nevada is
regulated under the provisions of:
NRS 645 - ANSWERThe law that regulates real estate in Nevada
The Director of the Department of Business and Industry - ANSWERAppoints the
Administrator of the Real Estate Division
Governor - ANSWERAppoints the Director of the Department of Business and Industry
Developer - ANSWERSelects and appoints the Project Broker
If a timeshare AGENT initially becomes licensed on June 6, 2000, when will the license
expire? - ANSWERJune 30, 2002 (end of the month - 2 years later)
If a Sales Agent allows their license to expire, there is a 1 year grace period in which
they can still renew. In addition to the cost of the required 6 hours of continuing
education and license fee, the agent will also have to pay for new fingerprints, and a
Late Registration Penalty of $_____ to the Real Estate Division - ANSWER$100
Fixed use - ANSWERA timeshare owner with the same numbered week of ownership
each year has
Fractional Ownership - ANSWEROwnership of an interval of 1 month to one-half year
Floating use - ANSWERHaving a timeshare ownership that may be used seasonally or
for a different week each year based on available and requiring a reservation is known
as
Reasons for the Real Estate Division to deny an application for timeshare sales license
- ANSWER- Criminal record
- Being behind on court ordered child support
- Crimes of moral turpitude
A guest changes their mind about the timeshare they purchased earlier in the day. Can
they change their minds and get out of the deal? - ANSWERYes, they have the right ti
revoke for any reason for 5 calendar days
Registered Representative - ANSWERAny person who, on behalf of a developer,
induces other persons to attend a sales presentation is a
How many hours of continuing education are required for a licensed Timeshare Sales
Agent - ANSWER6 hours
