NEVADA TIMESHARE LICENSE 170 LATEST ACTUAL EXAM
TEST 2025 WITH LATEST UPDATED (QUESTIONS AND
ANSWERS) /ALREADY GRADED A+
The sale of timeshare interests in the State of Nevada is regulated under the provisions of:
Ans: NRS 119a
Qiz The law that regulates real estate in Nevada is:
Ans: NRS 645
Qiz Who appoints the Administrator of the Real Estate Division?
Ans: The Director of the Department of Business and Industry
Qiz Who appoints the Director of the Department of Business and Industry?
Ans: Governor
Qiz Who selects and appoints the Project Broker?
,Ans: Developer
Qiz If a timeshare agent initially becomes licensed on June 6, 2000, when will the license expire?
Ans: June 30, 2002
Qiz 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 Renewal Penalty of
$________ to the Real Estate Division. How much is this penalty?
Ans: $100
Qiz A timeshare owner with the same numbered week of ownership each year has...
Ans: Fixed use
Qiz What is fractional ownership?
Ans: Ownership of an interval of 1 month to one-half year
Qiz Having timeshare ownership that may be used seasonally or for a different week each year
based on available and requiring a reservation is known as...
Ans: Floating use
,Qiz Which of the following reasons would NOT be cause for the Real Estate Division to deny an
application for timeshare sales license?
Ans: Driving Record
Qiz You have just completed making a timeshare sale. Your buyers go back to their hotel, and
after dinner and a few cocktails, they have second thoughts about the purchase. Can they change
their minds and get out of the deal?
Ans: Yes, they have to right to revoke for any reason for 5 calendar days
Qiz Ted and Alice Smith have arrived at their timeshare resort and produced the confirmed
reservation for a unit. They are informed that the unit is NOT available. Ted goes through the
roof, but Alice knows that they are entitled to all the following EXCEPT...
Ans: A full refund of their purchase price
Qiz Any person who, on behalf of a developer, induces other persons to attend a sales
presentation is a ...
Ans: Registered Representative
Qiz How many hours of continuing education are required for a licensed Timeshare Sales Agent?
Ans: 6 hours
Qiz Mr. Allen was named the project broker at a Nevada timeshare resort. For which of the
following most accurately describes the people will he be responsible for?
, Ans: Sales agents and representatives
Qiz In what year did the Nevada legislature pass the statute governing timeshare sales?
Ans: 1983
Qiz To effect an exchange, an owner of a floating use period MUST first secure a specific week
through which of the following?
Ans: The home resort
Qiz A Broker that works on behalf of a Developer of Timeshare to coordinate and supervise all
sales activities is known as a...
Ans: Project Broker
Qiz If the relationship changes between the Sales Agent, Developer and/or the Broker, this must
be reported to the Real Estate Division within...
Ans: 10 days
Qiz The Division will issue a license to those who follow and complete the process set forth in
NRS 119a. Initially, the division will issue a...
Ans: Provisional License until satisfactory results from the FBI fingerprint background check are
received by the Division
TEST 2025 WITH LATEST UPDATED (QUESTIONS AND
ANSWERS) /ALREADY GRADED A+
The sale of timeshare interests in the State of Nevada is regulated under the provisions of:
Ans: NRS 119a
Qiz The law that regulates real estate in Nevada is:
Ans: NRS 645
Qiz Who appoints the Administrator of the Real Estate Division?
Ans: The Director of the Department of Business and Industry
Qiz Who appoints the Director of the Department of Business and Industry?
Ans: Governor
Qiz Who selects and appoints the Project Broker?
,Ans: Developer
Qiz If a timeshare agent initially becomes licensed on June 6, 2000, when will the license expire?
Ans: June 30, 2002
Qiz 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 Renewal Penalty of
$________ to the Real Estate Division. How much is this penalty?
Ans: $100
Qiz A timeshare owner with the same numbered week of ownership each year has...
Ans: Fixed use
Qiz What is fractional ownership?
Ans: Ownership of an interval of 1 month to one-half year
Qiz Having timeshare ownership that may be used seasonally or for a different week each year
based on available and requiring a reservation is known as...
Ans: Floating use
,Qiz Which of the following reasons would NOT be cause for the Real Estate Division to deny an
application for timeshare sales license?
Ans: Driving Record
Qiz You have just completed making a timeshare sale. Your buyers go back to their hotel, and
after dinner and a few cocktails, they have second thoughts about the purchase. Can they change
their minds and get out of the deal?
Ans: Yes, they have to right to revoke for any reason for 5 calendar days
Qiz Ted and Alice Smith have arrived at their timeshare resort and produced the confirmed
reservation for a unit. They are informed that the unit is NOT available. Ted goes through the
roof, but Alice knows that they are entitled to all the following EXCEPT...
Ans: A full refund of their purchase price
Qiz Any person who, on behalf of a developer, induces other persons to attend a sales
presentation is a ...
Ans: Registered Representative
Qiz How many hours of continuing education are required for a licensed Timeshare Sales Agent?
Ans: 6 hours
Qiz Mr. Allen was named the project broker at a Nevada timeshare resort. For which of the
following most accurately describes the people will he be responsible for?
, Ans: Sales agents and representatives
Qiz In what year did the Nevada legislature pass the statute governing timeshare sales?
Ans: 1983
Qiz To effect an exchange, an owner of a floating use period MUST first secure a specific week
through which of the following?
Ans: The home resort
Qiz A Broker that works on behalf of a Developer of Timeshare to coordinate and supervise all
sales activities is known as a...
Ans: Project Broker
Qiz If the relationship changes between the Sales Agent, Developer and/or the Broker, this must
be reported to the Real Estate Division within...
Ans: 10 days
Qiz The Division will issue a license to those who follow and complete the process set forth in
NRS 119a. Initially, the division will issue a...
Ans: Provisional License until satisfactory results from the FBI fingerprint background check are
received by the Division
