NEVADA TIMESHARE ACTUAL EXAM 2026
QUESTIONS WITH COMPLETE ANSWERS
GRADED A+
◉ The law that regulates real estate in Nevada is: Answer: NRS 645
◉ Who appoints the Administrator of the Real Estate Division? Answer:
The Director of the Department of Business and Industry
◉ Who appoints the Director of the Department of Business and
Industry? Answer: Governor
◉ Who selects and appoints the Project Broker? Answer: Developer
◉ If a timeshare agent initially becomes licensed on June 6, 2000, when
will the license expire? Answer: June 30, 2002
◉ 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?
Answer: $100
◉ A timeshare owner with the same numbered week of ownership each
year has... Answer: Fixed use
◉ What is fractional ownership? Answer: Ownership of an interval of 1
month to one-half year
◉ 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... Answer: Floating use
◉ Which of the following reasons would NOT be cause for the Real
Estate Division to deny an application for timeshare sales license?
Answer: Driving Record
◉ 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? Answer: Yes, they have to right to revoke for any
reason for 5 calendar days
◉ 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... Answer: A full
refund of their purchase price
◉ Any person who, on behalf of a developer, induces other persons to
attend a sales presentation is a ... Answer: Registered Representative
◉ How many hours of continuing education are required for a licensed
Timeshare Sales Agent? Answer: 6 hours
◉ 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? Answer: Sales agents and representatives
◉ In what year did the Nevada legislature pass the statute governing
timeshare sales? Answer: 1983
◉ To effect an exchange, an owner of a floating use period MUST first
secure a specific week through which of the following? Answer: The
home resort
◉ A Broker that works on behalf of a Developer of Timeshare to
coordinate and supervise all sales activities is known as a... Answer:
Project Broker
QUESTIONS WITH COMPLETE ANSWERS
GRADED A+
◉ The law that regulates real estate in Nevada is: Answer: NRS 645
◉ Who appoints the Administrator of the Real Estate Division? Answer:
The Director of the Department of Business and Industry
◉ Who appoints the Director of the Department of Business and
Industry? Answer: Governor
◉ Who selects and appoints the Project Broker? Answer: Developer
◉ If a timeshare agent initially becomes licensed on June 6, 2000, when
will the license expire? Answer: June 30, 2002
◉ 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?
Answer: $100
◉ A timeshare owner with the same numbered week of ownership each
year has... Answer: Fixed use
◉ What is fractional ownership? Answer: Ownership of an interval of 1
month to one-half year
◉ 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... Answer: Floating use
◉ Which of the following reasons would NOT be cause for the Real
Estate Division to deny an application for timeshare sales license?
Answer: Driving Record
◉ 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? Answer: Yes, they have to right to revoke for any
reason for 5 calendar days
◉ 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... Answer: A full
refund of their purchase price
◉ Any person who, on behalf of a developer, induces other persons to
attend a sales presentation is a ... Answer: Registered Representative
◉ How many hours of continuing education are required for a licensed
Timeshare Sales Agent? Answer: 6 hours
◉ 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? Answer: Sales agents and representatives
◉ In what year did the Nevada legislature pass the statute governing
timeshare sales? Answer: 1983
◉ To effect an exchange, an owner of a floating use period MUST first
secure a specific week through which of the following? Answer: The
home resort
◉ A Broker that works on behalf of a Developer of Timeshare to
coordinate and supervise all sales activities is known as a... Answer:
Project Broker
