7/2/25, 10:38 PM Timeshare LICENSE Exam
TIMESHARE LICENSE NEWEST EXAM 2025 -2026
\LATEST VERSION WITH UPDATED QUESTIONS AND
ACCURATE DETAILED ANSWERS \ASSURED PASS
ALREADY A+
How long is a TSA license 2 years
valid for?
If a timeshare AGENT June 30, 2002 (end of the month - 2 years later)
initially becomes licensed
on June 6, 2000, when
will the license expire?
If a timeshare June 30, 2010 (end of the month - 1 year later)
REPRESENTATIVE initially
becomes licensed on June 6,
2009, when will the
license expire?
An applicant for an original An application, certificates for passing the examination
timeshare license MUST and completing the 14 hour course, and $175
provide:
If a timeshare agent is 20 days
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 to the charges?
A developer may NOT make 10 days
a material change in the
timeshare plan without giving
the Division at LEAST how
1/2
2
,7/2/25, 10:43 PM Timeshare License Exam
many days notice?
If the highest monthly $50,000
total of deposits received
by a project is $50,000 what
is the amount of surety
bond REQUIRED for the
benefit of the purchasers?
What is a timeshare? A guaranteed reservation at the resort of your choice
What is a fractional Ownership of an interval of 1 month to 1/2 year
ownership?
The value of an individual decreases in value
timeshare usually
An agreement between two a contract
or more parties is called
The following elements are consideration
necessary to create an
agency relationship EXCEPT:
The following elements are perception of representation, understanding, and reliance
necessary to create an
agency relationship:
Which of the following is NOT performance
necessary to form a
contract?
Which of the following is meeting of the minds, consideration, and competence
necessary to form a
contract?
The essential parts of a competent parties, mutual consent, consideration, and legal
written contract include obligation
The purchaser of a timeshare may cancel, by written
Which statements MUST be notice, the contract of sale until midnight of the fifth
printed above the calendar day.
purchaser's signature one
in each The right of cancellation may not be waived. Any
contract for sale of a attempt by the developer to obtain a waiver results in
timeshare?
a contract that is voidable by the purchaser.
/ 2/22
, 7/2/25, 10:43 PM Timeshare License Exam
Developer Tyson has non-disturbance clause
defaulted on his
project. Which clause
provides protection for
prior purchasers?
How would a prospective buy it from an existing owner
purchaser get the BEST
deal on a timeshare?
The purchaser may cancel the until midnight of the 5th calendar day after signing
transaction
1. buyer's check clears his bank
Escrow may NOT be closed 2. project is free and clear of any blanket encumbrances
until the 3. cancellation period has expired
Developer Douglas has 30 days
submitted an
application to the
administrator for a permit to
sell timeshares. The
Division shall issue an
order within how many
days after the
receipt of the application?
1. Matters discussed or materials presented may be
The administrator has used in any subsequent formal hearings
scheduled an 2. May be tap recorded
informal meeting to discuss 3. Is lawful under NRS 119A
certain sales practices at 4. Mandates a judge or constable be present for the record
Douglas' promotional
meetings. Which of the CORRECT: Mandates a judge or constable be present for the
record
following is NOT true?
The sale of a timeshare Nevada revised statutes 119A
interests in the State of
Nevada is regulated under
the provisions of
MOST timeshare units are Full disclosure of all financing costs and charges
sold on credit. These lending
arrangements MUST comply
with Regulation Z of the
/ 3/22
TIMESHARE LICENSE NEWEST EXAM 2025 -2026
\LATEST VERSION WITH UPDATED QUESTIONS AND
ACCURATE DETAILED ANSWERS \ASSURED PASS
ALREADY A+
How long is a TSA license 2 years
valid for?
If a timeshare AGENT June 30, 2002 (end of the month - 2 years later)
initially becomes licensed
on June 6, 2000, when
will the license expire?
If a timeshare June 30, 2010 (end of the month - 1 year later)
REPRESENTATIVE initially
becomes licensed on June 6,
2009, when will the
license expire?
An applicant for an original An application, certificates for passing the examination
timeshare license MUST and completing the 14 hour course, and $175
provide:
If a timeshare agent is 20 days
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 to the charges?
A developer may NOT make 10 days
a material change in the
timeshare plan without giving
the Division at LEAST how
1/2
2
,7/2/25, 10:43 PM Timeshare License Exam
many days notice?
If the highest monthly $50,000
total of deposits received
by a project is $50,000 what
is the amount of surety
bond REQUIRED for the
benefit of the purchasers?
What is a timeshare? A guaranteed reservation at the resort of your choice
What is a fractional Ownership of an interval of 1 month to 1/2 year
ownership?
The value of an individual decreases in value
timeshare usually
An agreement between two a contract
or more parties is called
The following elements are consideration
necessary to create an
agency relationship EXCEPT:
The following elements are perception of representation, understanding, and reliance
necessary to create an
agency relationship:
Which of the following is NOT performance
necessary to form a
contract?
Which of the following is meeting of the minds, consideration, and competence
necessary to form a
contract?
The essential parts of a competent parties, mutual consent, consideration, and legal
written contract include obligation
The purchaser of a timeshare may cancel, by written
Which statements MUST be notice, the contract of sale until midnight of the fifth
printed above the calendar day.
purchaser's signature one
in each The right of cancellation may not be waived. Any
contract for sale of a attempt by the developer to obtain a waiver results in
timeshare?
a contract that is voidable by the purchaser.
/ 2/22
, 7/2/25, 10:43 PM Timeshare License Exam
Developer Tyson has non-disturbance clause
defaulted on his
project. Which clause
provides protection for
prior purchasers?
How would a prospective buy it from an existing owner
purchaser get the BEST
deal on a timeshare?
The purchaser may cancel the until midnight of the 5th calendar day after signing
transaction
1. buyer's check clears his bank
Escrow may NOT be closed 2. project is free and clear of any blanket encumbrances
until the 3. cancellation period has expired
Developer Douglas has 30 days
submitted an
application to the
administrator for a permit to
sell timeshares. The
Division shall issue an
order within how many
days after the
receipt of the application?
1. Matters discussed or materials presented may be
The administrator has used in any subsequent formal hearings
scheduled an 2. May be tap recorded
informal meeting to discuss 3. Is lawful under NRS 119A
certain sales practices at 4. Mandates a judge or constable be present for the record
Douglas' promotional
meetings. Which of the CORRECT: Mandates a judge or constable be present for the
record
following is NOT true?
The sale of a timeshare Nevada revised statutes 119A
interests in the State of
Nevada is regulated under
the provisions of
MOST timeshare units are Full disclosure of all financing costs and charges
sold on credit. These lending
arrangements MUST comply
with Regulation Z of the
/ 3/22
