NEVADA TIMESHARE LIC EXAM 2025
QUESTIONS AND ANSWERS 100%
SOLVED
, INTERVAL OF TIME - ANSWERAN OWNER WHO HAS A LEASEHOLD IN A
TIMESHARE CONDOMINIUM HAS
A TIMESHARE AGENT IS.. - ANSWERA PERSON WHO SELLS TIMESHARES ON
BEHALF OF A DEVELOPER
AN ESCROW AGENT ACCOUNT APPROVED BY THE DIVISON - ANSWERUNTIL
CLOSING ALL MONIES, NEGOTIABLE INSTRUMENTS OR OTHER DEPOSITS
PERTAINING SALE OF A TIMESHARE MUST BE PLACES IN..
PUBLIC OFFERING STATEMENT - ANSWERWHICH DOCUMENT MUST BE
REVIEWED AND SIGNED BY THE PURCHASER BEFORE THE EXECUTION OF
ANY CONTRACT FOR THE SALE OF TIMESHARE..
MEMBERSHIP IN CLUB - ANSWERA RIGHT TO USE TIMESHARE PROJECT
OFFERS THE PURCHASER OF A TIMESHARE INTEREST
AS STATED IN THE NRS 119A.120 WHO IS DEFINED AS A REP - ANSWERA
PERSON WHO IS NOT A SALES AGENT BUT WHO ON BEHALF OF DEVELOPER
INDUCES OTHER PERSOS TO ATTEND A SALES PRESENTATION (AKA
MARKETER)
DEVELOPER MUST COMPLY WITH LAWS FROM WHAT GOVERNMENT AGENCY?
- ANSWERFEDERAL,CITY AND STATE.
WHO VIS INCLUDED IN THE DEFINITION OF A "PERSON" AS STATED IN NRS
119A.070 - ANSWERGOVERMENTS, GOVERMENT AGENCY AND POLITICAL
SUBDIVISION OF A GOVERNMENT (NOT A PURCHASER!!)
AS STATED IN NRS. 119A.370 A TIMESHARE MUST NOT BE OFFERED FOR SALE
IN THIS STATE UNTIL THE ADVERTISEMENT OR OFFERING IS APPROVED BY
THE DIVISION - ANSWERTRUE
TIMESHARE AND TIMESHARE PROJECTS, AS REFERRED TO IN NRD 119A.200
ARE SUBJECT TO LICENSING BY LOCCAL GOV FOR REVENUE - ANSWERTRUE
TIMESHARE RESALE MEANS? - ANSWERTHE SALE OF A TIMESHARE OR
TRANSFER OF A TIMESHARE THAT WAS PREVIOUSLY SOLD TO A PURCHASER
FLOATING TIME - ANSWERWHEN A TIMESHARE RESORT OFFERS A
PURCHASER THE USE OG TIMESHARE INTERVAL AT DIFFERENT TIMES OF THE
YEAR WITH RESERVATIONS BASED ON AVAILABILITY CONCEPT IS CALLED
QUESTIONS AND ANSWERS 100%
SOLVED
, INTERVAL OF TIME - ANSWERAN OWNER WHO HAS A LEASEHOLD IN A
TIMESHARE CONDOMINIUM HAS
A TIMESHARE AGENT IS.. - ANSWERA PERSON WHO SELLS TIMESHARES ON
BEHALF OF A DEVELOPER
AN ESCROW AGENT ACCOUNT APPROVED BY THE DIVISON - ANSWERUNTIL
CLOSING ALL MONIES, NEGOTIABLE INSTRUMENTS OR OTHER DEPOSITS
PERTAINING SALE OF A TIMESHARE MUST BE PLACES IN..
PUBLIC OFFERING STATEMENT - ANSWERWHICH DOCUMENT MUST BE
REVIEWED AND SIGNED BY THE PURCHASER BEFORE THE EXECUTION OF
ANY CONTRACT FOR THE SALE OF TIMESHARE..
MEMBERSHIP IN CLUB - ANSWERA RIGHT TO USE TIMESHARE PROJECT
OFFERS THE PURCHASER OF A TIMESHARE INTEREST
AS STATED IN THE NRS 119A.120 WHO IS DEFINED AS A REP - ANSWERA
PERSON WHO IS NOT A SALES AGENT BUT WHO ON BEHALF OF DEVELOPER
INDUCES OTHER PERSOS TO ATTEND A SALES PRESENTATION (AKA
MARKETER)
DEVELOPER MUST COMPLY WITH LAWS FROM WHAT GOVERNMENT AGENCY?
- ANSWERFEDERAL,CITY AND STATE.
WHO VIS INCLUDED IN THE DEFINITION OF A "PERSON" AS STATED IN NRS
119A.070 - ANSWERGOVERMENTS, GOVERMENT AGENCY AND POLITICAL
SUBDIVISION OF A GOVERNMENT (NOT A PURCHASER!!)
AS STATED IN NRS. 119A.370 A TIMESHARE MUST NOT BE OFFERED FOR SALE
IN THIS STATE UNTIL THE ADVERTISEMENT OR OFFERING IS APPROVED BY
THE DIVISION - ANSWERTRUE
TIMESHARE AND TIMESHARE PROJECTS, AS REFERRED TO IN NRD 119A.200
ARE SUBJECT TO LICENSING BY LOCCAL GOV FOR REVENUE - ANSWERTRUE
TIMESHARE RESALE MEANS? - ANSWERTHE SALE OF A TIMESHARE OR
TRANSFER OF A TIMESHARE THAT WAS PREVIOUSLY SOLD TO A PURCHASER
FLOATING TIME - ANSWERWHEN A TIMESHARE RESORT OFFERS A
PURCHASER THE USE OG TIMESHARE INTERVAL AT DIFFERENT TIMES OF THE
YEAR WITH RESERVATIONS BASED ON AVAILABILITY CONCEPT IS CALLED
