Nevada Timeshare License Practice Exam Actual

Nevada Timeshare License Practice Exam (Actual / ) 169 Questions And 100% Verified CORRECT Answers

The sale of timeshare interests in the State of Nevada is

regulated under the provisions of:

NRS 119a

The law that regulates real estate in Nevada is:

NRS 645

Who appoints the Administrator of the Real Estate Division?The Director of the Department of Business and Industry

Who appoints the Director of the Department of Business and Industry?Governor

Who selects and appoints the Project Broker?Developer

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What is the MINIMUM age at which a person may receive a timeshare license?18

The section of Nevada Revised Statutes that applies to real estate brokers and salespersons is...

NRS 645

Susan has completed her 14-hour pre-licensing requirement and passed the Nevada TSA examination. She may conduct sales presentations for her developer provided that...The license is available at the sales location for inspection

If the Division issues a license in error, the Division may...Invalidate the license

The court or judge may do any of the following EXCEPT Provide an initial decision on a disciplinary matter

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When the division issues a Preliminary Permit to a timeshare developer, which conditions must be met?The developer must post a bond or cash deposit to demonstrate there is sufficient capital to complete the project The permit must contain the estimated completion date of the project Develop must assure the division that Reservations will be done using only division approved forms The developer must assure the division that all deposits are refundable without cause

The Administrator has scheduled an informal hearing with a developer to discuss practices in their promotional meeting.Which of the following statements is NOT true?It is mandated that a judge or constable from the court be present as a matter or record

A Project Broker will open six branch offices. Each branch (sales office) office MUST be supervised by a...Broker or broker-salesman under the supervision of the Project Broker

One year ago, you sold a 4-Bedroom timeshare to a nice couple. This is actually 2 condos separated by an adjoining 3 / 4

door. Today, you received a phone call from the wife indicating that the couple has decided to divorce. She stated that she wants to divide the timeshare such that he owns one side of the timeshare and that he still wants to own the other side.What do you do?Offer no advice, and that they should speak to their lawyer or one licensed in Nevada

A Developer in Mexico has opened their resort, and wants to advertise in Nevada. Which statement is most correct?The Developer would need to register with the Real Estate Division as a Developer in Nevada, and hire a Project Broker licensed in Nevada

Someone purchasing a timeshare as a sole owner will take the title how?Ownership in Severalty

When a resort has both whole owners and timeshare interest ownership, the resort is known as a...Mixed use resort

Any sales presentation given to any number of potential purchasers at one time at any location is called a...

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