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, The sale of timeshare interests in the State of Nevada is regulated under the
provisions of: - ANSWERS--NRS 119a
The law that regulates real estate in Nevada is: - ANSWERS--NRS 645
Who appoints the Administrator of the Real Estate Division? - ANSWERS--The
Director of the Department of Business and Industry
Who appoints the Director of the Department of Business and Industry? -
ANSWERS--Governor
Who selects and appoints the Project Broker? - ANSWERS--Developer
If a timeshare agent initially becomes licensed on June 6, 2000, when will the license
expire? - ANSWERS--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? - ANSWERS--$100
A timeshare owner with the same numbered week of ownership each year has... -
ANSWERS--Fixed use
What is fractional ownership? - ANSWERS--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... -
ANSWERS--Floating use