TIMESHARE TEST #1 WITH ALL
NEEDED TO PASS
An gowner gwho ghas ga gleasehold gin ga gtimeshare gcondominium ghas: g
A. gWhole gownership g
B. gFee gsimple gownership
C. gInterval gof gtime
D. gCooperative g- gcorrect ganswers g-C. gInterval gof gtime
A gtimeshare gagent gis ga gperson gwho gis g
A. gProject gBroker
B. gPerson gwho gsells gtimeshares gon gbehalf gof ga gdeveloper
C. gPerson gwho ginduces gothers gto gattend ga gtimeshare gpresentation g- gcorrect
ganswers g-B. gPerson gwho gsells gtimeshares gon gbehalf gof ga gdeveloper
, Until gclosing, gall gmonies, gnegotiable ginstruments gor gother gdeposits gpertaining gto
gthe gsale gof ga gtimeshare gmust gbe gplaced gin: g
A. gAn gescrow gagent gaccount gapproved gby gthe gDivision
B. gA gtrustee gaccount gapproved gby gthe gDivision
C. gBrokers gpersonal gbank gaccount
D. gBrokers gtrust gaccount g- gcorrect ganswers g-A. gAn gescrow gagent gaccount
gapproved gby gthe gDivision
Which gdocument gmust gbe greviewed gand gsigned gby gthe gpurchaser gbefore gthe
gexecution gof gany gcontract gfor gthe gsale gof gthe gtimeshare: g
A. gTruth gin gLending g
B. gPublic goffering gStatement g
C. gAcknowledgments g
D. gPurchase gagreement g- gcorrect ganswers g-B. gPublic goffering gStatement
A gright gto guse gtimeshare gproject goffers gthe gpurchaser gof ga gtimeshare ginterest: g
A. gFee gsimple ginterest
B. gMembership gin ga gclub
C. gTenancy gin gcommon
D. gJoint gtenancy g- gcorrect ganswers g-B. gMembership gin ga gclub
Developers gmust gcomply gwith glaws gfrom gwhat ggovernment gagency? g- gcorrect
ganswers g-Federal, gCity, gand gState
A gstate gin gNRS g119A.120 gwho gis gdefined gas ga grepresentative? g- gcorrect
ganswers g-A gperson gwho gis gnot ga gsales gagent gbut gwho gon gbehalf gof gdeveloper
ginduces gother gpersons gto gattend ga gsales gpresentation
Who gor gwhat gbelow gis gnot gincluded gin gthe gdefinition gof ga g"Person" gas gstated gin
gNRS g119A.070?
A. gA ggovernment g
B. gA gpurchaser
C. gA ggovernment gagency g
D. gA gpolitical gsubdivision gof ga ggovernment g- gcorrect ganswers g-B. gA gpurchaser
As gstated gin gNRS g119A.370 ga gtimeshare gmust gnot gbe goffered gfor gsale gin gthis
gstate guntil gthe gadvertisement gor goffering gis gapproved gby gthe gdivision
A. gTrue. g
B. gFalse. g- gcorrect ganswers g-A. gTrue
NEEDED TO PASS
An gowner gwho ghas ga gleasehold gin ga gtimeshare gcondominium ghas: g
A. gWhole gownership g
B. gFee gsimple gownership
C. gInterval gof gtime
D. gCooperative g- gcorrect ganswers g-C. gInterval gof gtime
A gtimeshare gagent gis ga gperson gwho gis g
A. gProject gBroker
B. gPerson gwho gsells gtimeshares gon gbehalf gof ga gdeveloper
C. gPerson gwho ginduces gothers gto gattend ga gtimeshare gpresentation g- gcorrect
ganswers g-B. gPerson gwho gsells gtimeshares gon gbehalf gof ga gdeveloper
, Until gclosing, gall gmonies, gnegotiable ginstruments gor gother gdeposits gpertaining gto
gthe gsale gof ga gtimeshare gmust gbe gplaced gin: g
A. gAn gescrow gagent gaccount gapproved gby gthe gDivision
B. gA gtrustee gaccount gapproved gby gthe gDivision
C. gBrokers gpersonal gbank gaccount
D. gBrokers gtrust gaccount g- gcorrect ganswers g-A. gAn gescrow gagent gaccount
gapproved gby gthe gDivision
Which gdocument gmust gbe greviewed gand gsigned gby gthe gpurchaser gbefore gthe
gexecution gof gany gcontract gfor gthe gsale gof gthe gtimeshare: g
A. gTruth gin gLending g
B. gPublic goffering gStatement g
C. gAcknowledgments g
D. gPurchase gagreement g- gcorrect ganswers g-B. gPublic goffering gStatement
A gright gto guse gtimeshare gproject goffers gthe gpurchaser gof ga gtimeshare ginterest: g
A. gFee gsimple ginterest
B. gMembership gin ga gclub
C. gTenancy gin gcommon
D. gJoint gtenancy g- gcorrect ganswers g-B. gMembership gin ga gclub
Developers gmust gcomply gwith glaws gfrom gwhat ggovernment gagency? g- gcorrect
ganswers g-Federal, gCity, gand gState
A gstate gin gNRS g119A.120 gwho gis gdefined gas ga grepresentative? g- gcorrect
ganswers g-A gperson gwho gis gnot ga gsales gagent gbut gwho gon gbehalf gof gdeveloper
ginduces gother gpersons gto gattend ga gsales gpresentation
Who gor gwhat gbelow gis gnot gincluded gin gthe gdefinition gof ga g"Person" gas gstated gin
gNRS g119A.070?
A. gA ggovernment g
B. gA gpurchaser
C. gA ggovernment gagency g
D. gA gpolitical gsubdivision gof ga ggovernment g- gcorrect ganswers g-B. gA gpurchaser
As gstated gin gNRS g119A.370 ga gtimeshare gmust gnot gbe goffered gfor gsale gin gthis
gstate guntil gthe gadvertisement gor goffering gis gapproved gby gthe gdivision
A. gTrue. g
B. gFalse. g- gcorrect ganswers g-A. gTrue
