NEVADA TIMESHARE LICENSE
COMPREHENSIVE EXAM 2026 SOLVED
QUESTIONS GRADED A+
◉ Time Share types often include. Answer: A. Deed ownership
B. Lease rights
C. Memberships in a club
D. All of the above
correct answer: D
◉ A floating week interval include. Answer: A. Owns a specific number
of weeks each year
B. Owns the same unit for the same, specific week each year
C. Owns points that can be used towards days at a resort, rental car or
cruise
D. Has the right to use the club and all of its amenities
correct answer: A
,◉ Participants in exchange programs. Answer: A. Cannot exchange or
swap privileges with other TimeShare owners
B. Are always free to establish a relationship with an exchange company
of their choosing
C. May be required to use the program included with the purchase of
their Time Share
D. Are never charged an additional fee
correct answer: C
◉ A developer has a four-flex that he has turned into Time Shares. Does
he need to register with the Division?. Answer: A. No, because it is in a
separate building.
B. Yes, all Time Shares must be registered
C. No, because it is fewer than 12 in a project
D. Yes, because they will create a homeowners association
correct answer: C
◉ Developer Flinn has built a time share development in Park City,
Utah. Flinn will be including the marketing of this development with his
Nevada developments, in a sales offering in Carson City, NV. Does Flint
need to hire a Project Broker and register with the Nevada Real Estate
Division?. Answer: A. No, because the development is in Utah.
,B. Yes, because it is being advertised/market in Nevada
correct answer B
◉ An exchange program. Answer: A. Is created to enable a Time Share
owner to exchange their occupancy with another Time Share owner
B. Enables a Time Share owner the ability to recoup some of their
annual expenses and/or use someone else's Time Share at the same
facility
C. Must provide the purchaser of a Time Share with certain statements
D. All of the above
correct answer D
◉ Nevada law requires a developer who operates an exchange program
to provide the purchaser with the. Answer: A. Names of the officers,
directors and shareholders owning at least 5% of the outstanding stock
of the company
B. A statement indicating whether the purchasers' participation in the
program is dependent upon the continued inclusion of the Time Share
plan in the program
C. A statement indicating whether the purchaser's membership or
participation in the program is voluntary or mandatory
D. All of the above
, correct answer D
◉ To make sure that any purchaser knows the criteria for arranging,
receiving and depositing Time Share rights, the developer's disclosure
must. Answer: A. Also provide the purchaser with a statement indicating
whether exchanges are arranged on the basis of available space
B. Guarantee specific requests for exchanges
C. Verify that the purchaser will never lose the right to use and occupy a
unit in a properly applied for exchange
D. Always offer compensation if substitute accommodations are needed
correct answer A
◉ If a time share owner wants to change a floating week of his/her time
share week to another resort for a fixed week, do you. Answer: A. Enroll
first in your home resort and then into the exchange program
B. Go directly into the exchange program
C. Contact the Unit-Owners Association
correct answer A
◉ An exchange program enables. Answer: A. Owners of Time Shares
the ability to exchange or swap privileges for a fee
COMPREHENSIVE EXAM 2026 SOLVED
QUESTIONS GRADED A+
◉ Time Share types often include. Answer: A. Deed ownership
B. Lease rights
C. Memberships in a club
D. All of the above
correct answer: D
◉ A floating week interval include. Answer: A. Owns a specific number
of weeks each year
B. Owns the same unit for the same, specific week each year
C. Owns points that can be used towards days at a resort, rental car or
cruise
D. Has the right to use the club and all of its amenities
correct answer: A
,◉ Participants in exchange programs. Answer: A. Cannot exchange or
swap privileges with other TimeShare owners
B. Are always free to establish a relationship with an exchange company
of their choosing
C. May be required to use the program included with the purchase of
their Time Share
D. Are never charged an additional fee
correct answer: C
◉ A developer has a four-flex that he has turned into Time Shares. Does
he need to register with the Division?. Answer: A. No, because it is in a
separate building.
B. Yes, all Time Shares must be registered
C. No, because it is fewer than 12 in a project
D. Yes, because they will create a homeowners association
correct answer: C
◉ Developer Flinn has built a time share development in Park City,
Utah. Flinn will be including the marketing of this development with his
Nevada developments, in a sales offering in Carson City, NV. Does Flint
need to hire a Project Broker and register with the Nevada Real Estate
Division?. Answer: A. No, because the development is in Utah.
,B. Yes, because it is being advertised/market in Nevada
correct answer B
◉ An exchange program. Answer: A. Is created to enable a Time Share
owner to exchange their occupancy with another Time Share owner
B. Enables a Time Share owner the ability to recoup some of their
annual expenses and/or use someone else's Time Share at the same
facility
C. Must provide the purchaser of a Time Share with certain statements
D. All of the above
correct answer D
◉ Nevada law requires a developer who operates an exchange program
to provide the purchaser with the. Answer: A. Names of the officers,
directors and shareholders owning at least 5% of the outstanding stock
of the company
B. A statement indicating whether the purchasers' participation in the
program is dependent upon the continued inclusion of the Time Share
plan in the program
C. A statement indicating whether the purchaser's membership or
participation in the program is voluntary or mandatory
D. All of the above
, correct answer D
◉ To make sure that any purchaser knows the criteria for arranging,
receiving and depositing Time Share rights, the developer's disclosure
must. Answer: A. Also provide the purchaser with a statement indicating
whether exchanges are arranged on the basis of available space
B. Guarantee specific requests for exchanges
C. Verify that the purchaser will never lose the right to use and occupy a
unit in a properly applied for exchange
D. Always offer compensation if substitute accommodations are needed
correct answer A
◉ If a time share owner wants to change a floating week of his/her time
share week to another resort for a fixed week, do you. Answer: A. Enroll
first in your home resort and then into the exchange program
B. Go directly into the exchange program
C. Contact the Unit-Owners Association
correct answer A
◉ An exchange program enables. Answer: A. Owners of Time Shares
the ability to exchange or swap privileges for a fee
