TIMESHARE TEST 1 WITH FULL PACK
SOLUTIONS
NRS r119 rA r- rcorrect ranswers r-The rsale rof rtimeshare rinterests rin rthe rState rof
rNevada ris rregulated runder rthe rprovisions rof...
NRS r645 r- rcorrect ranswers r-The rLaw rthat rregulates rreal restate rin rNevada ris?
The rDirector rof rthe rDepartment rof rBuisness r- rcorrect ranswers r-Who rsupervises rthe
rAdministrator rof rthe rReal rEstate rDivision?
The rGovernor r- rcorrect ranswers r-Who rappoints rthe rDirector rof rthe rDepartment rof
rBusiness rand rIndustry?
Developer r- rcorrect ranswers r-Who rselects rand rappoints rthe rProject rBroker
Behind ron rChild rSupport rPayments r
Crimes rof rmoral rturpitude
, Previously rrevoked rinsurance rsales rlicense r- rcorrect ranswers r-What rare rthe
rfollowing rare rreasons rfor rthe rreal restate rdivision rto rdeny ra rSales rAgent's rLicense
rapplication?
(except) rReckless rDriving rconviction
June r30, r2002 r- rcorrect ranswers r-If ra rtimeshare rlicensed ron rJune r6, r2000 rwhen
rwill rthe rlicense rexpire?
Ownership rof ran rinterval rof r1 rmonth rto rthe rone-half ryear r- rcorrect ranswers r-What
ris ra rfractional rownership?
Decreases rin rvalue; rtherefore, rbuyers rshould rnot rbe rencouraged rto rpurchase ras ran
rinvestment ropportunity. r- rcorrect ranswers r-The rValue rof ran rindividual rtimeshare
rusually?
Fee rDeed rand rtitle r- rcorrect ranswers r-The rpurest rform rof rownership ris?
Un-deeded rownership
Right rto rUse
A rmember rof ra rClub r- rcorrect ranswers r-The rleaseholder ris ran rexample rof?
Criminal rrecord
Driving rRecord
Child rsupport rissues
Crimes rof rmoral rturpitude r(fraudulent ractivities)
Previous rlicense rwas rrevoked r- rcorrect ranswers r-Which rof rthe rfollowing rreasons
rwould rbe rcause rfor rthe rReal rEstate rDivision rto rdeny ran rapplication rfor rtimeshare
rsales rlicense?
Yes, rthey rhave rto rright rto rrevoke rfor rany rreason rfor r5 rcalendar rdays r- rcorrect
ranswers r-You rhave rjust rcompleted rmaking ra rtimeshare rsale. rYour rbuyers rgo rback
rto rtheir rhotel, rand rafter rdinner rand ra rfew rcocktails, rthey rhave rsecond rthoughts
rabout rthe rpurchase. rCan rthey rchange rtheir rminds rand rget rout rof rthe rdeal?
Affiliate rwith ra rproject rbroker rwho ris rlicensed runder rNRS r645
rWork rfor ronly rone rproject rbroker rat ra rtime
Keep rcurrent rin rchild rsupport rpayments r- rcorrect ranswers r-Nevada rlaw rREQUIRES
rall rtimeshare rsales ragents rto rdo rall rthe rfollowing r... r(expect) rTake r14 rhours rof
rcontinuing reducation revery r2 ryears
A rcomparable runit
rMonetary rcompensation rfor rthe rloss rof rthe ruse rof rthe runit
rA rsubstitute runit rof ra rbetter rgrade rin rthe rabsence rof ra rcomparable runit r- rcorrect
ranswers r-Ted rand rAlice rSmith rhave rarrived rat rtheir rtimeshare rresort rand rproduce
SOLUTIONS
NRS r119 rA r- rcorrect ranswers r-The rsale rof rtimeshare rinterests rin rthe rState rof
rNevada ris rregulated runder rthe rprovisions rof...
NRS r645 r- rcorrect ranswers r-The rLaw rthat rregulates rreal restate rin rNevada ris?
The rDirector rof rthe rDepartment rof rBuisness r- rcorrect ranswers r-Who rsupervises rthe
rAdministrator rof rthe rReal rEstate rDivision?
The rGovernor r- rcorrect ranswers r-Who rappoints rthe rDirector rof rthe rDepartment rof
rBusiness rand rIndustry?
Developer r- rcorrect ranswers r-Who rselects rand rappoints rthe rProject rBroker
Behind ron rChild rSupport rPayments r
Crimes rof rmoral rturpitude
, Previously rrevoked rinsurance rsales rlicense r- rcorrect ranswers r-What rare rthe
rfollowing rare rreasons rfor rthe rreal restate rdivision rto rdeny ra rSales rAgent's rLicense
rapplication?
(except) rReckless rDriving rconviction
June r30, r2002 r- rcorrect ranswers r-If ra rtimeshare rlicensed ron rJune r6, r2000 rwhen
rwill rthe rlicense rexpire?
Ownership rof ran rinterval rof r1 rmonth rto rthe rone-half ryear r- rcorrect ranswers r-What
ris ra rfractional rownership?
Decreases rin rvalue; rtherefore, rbuyers rshould rnot rbe rencouraged rto rpurchase ras ran
rinvestment ropportunity. r- rcorrect ranswers r-The rValue rof ran rindividual rtimeshare
rusually?
Fee rDeed rand rtitle r- rcorrect ranswers r-The rpurest rform rof rownership ris?
Un-deeded rownership
Right rto rUse
A rmember rof ra rClub r- rcorrect ranswers r-The rleaseholder ris ran rexample rof?
Criminal rrecord
Driving rRecord
Child rsupport rissues
Crimes rof rmoral rturpitude r(fraudulent ractivities)
Previous rlicense rwas rrevoked r- rcorrect ranswers r-Which rof rthe rfollowing rreasons
rwould rbe rcause rfor rthe rReal rEstate rDivision rto rdeny ran rapplication rfor rtimeshare
rsales rlicense?
Yes, rthey rhave rto rright rto rrevoke rfor rany rreason rfor r5 rcalendar rdays r- rcorrect
ranswers r-You rhave rjust rcompleted rmaking ra rtimeshare rsale. rYour rbuyers rgo rback
rto rtheir rhotel, rand rafter rdinner rand ra rfew rcocktails, rthey rhave rsecond rthoughts
rabout rthe rpurchase. rCan rthey rchange rtheir rminds rand rget rout rof rthe rdeal?
Affiliate rwith ra rproject rbroker rwho ris rlicensed runder rNRS r645
rWork rfor ronly rone rproject rbroker rat ra rtime
Keep rcurrent rin rchild rsupport rpayments r- rcorrect ranswers r-Nevada rlaw rREQUIRES
rall rtimeshare rsales ragents rto rdo rall rthe rfollowing r... r(expect) rTake r14 rhours rof
rcontinuing reducation revery r2 ryears
A rcomparable runit
rMonetary rcompensation rfor rthe rloss rof rthe ruse rof rthe runit
rA rsubstitute runit rof ra rbetter rgrade rin rthe rabsence rof ra rcomparable runit r- rcorrect
ranswers r-Ted rand rAlice rSmith rhave rarrived rat rtheir rtimeshare rresort rand rproduce
