Nevada Timeshare License 170 Practice Questions
with Complete COMPREHENSIVE PREDICTOR RETAKE
EXAM 2025 ACTUAL EXAM COMPLETE QUESTIONS
WITH DETAILED VERIFIED ANSWERS (100%
CORRECT) /ALREADY GRADED A+ // BRAND NEW!!
The sale of timeshare interests in the State of Nevada is regulated under the provisions
of: - ✔✔ANSW✔✔..NRS 119a
The law that regulates real estate in Nevada is: - ✔✔ANSW✔✔..NRS 645
Who appoints the Administrator of the Real Estate Division? - ✔✔ANSW✔✔..The
Director of the Department of Business and Industry
Who appoints the Director of the Department of Business and Industry? -
✔✔ANSW✔✔..Governor
Who selects and appoints the Project Broker? - ✔✔ANSW✔✔..Developer
If a timeshare agent initially becomes licensed on June 6, 2000, when will the license
expire? - ✔✔ANSW✔✔..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? - ✔✔ANSW✔✔..$100
A timeshare owner with the same numbered week of ownership each year has... -
✔✔ANSW✔✔..Fixed use
What is fractional ownership? - ✔✔ANSW✔✔..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... -
✔✔ANSW✔✔..Floating use
, Which of the following reasons would NOT be cause for the Real Estate Division to
deny an application for timeshare sales license? - ✔✔ANSW✔✔..Driving Record
You have just completed making a timeshare sale. Your buyers go back to their hotel,
and after dinner and a few cocktails, they have second thoughts about the purchase.
Can they change their minds and get out of the deal? - ✔✔ANSW✔✔..Yes, they have to
right to revoke for any reason for 5 calendar days
Ted and Alice Smith have arrived at their timeshare resort and produced the confirmed
reservation for a unit. They are informed that the unit is NOT available. Ted goes
through the roof, but Alice knows that they are entitled to all the following EXCEPT... -
✔✔ANSW✔✔..A full refund of their purchase price
Any person who, on behalf of a developer, induces other persons to attend a sales
presentation is a ... - ✔✔ANSW✔✔..Registered Representative
How many hours of continuing education are required for a licensed Timeshare Sales
Agent? - ✔✔ANSW✔✔..6 hours
Mr. Allen was named the project broker at a Nevada timeshare resort. For which of the
following most accurately describes the people will he be responsible for? -
✔✔ANSW✔✔..Sales agents and representatives
In what year did the Nevada legislature pass the statute governing timeshare sales? -
✔✔ANSW✔✔..1983
To effect an exchange, an owner of a floating use period MUST first secure a specific
week through which of the following? - ✔✔ANSW✔✔..The home resort
A Broker that works on behalf of a Developer of Timeshare to coordinate and supervise
all sales activities is known as a... - ✔✔ANSW✔✔..Project Broker
If the relationship changes between the Sales Agent, Developer and/or the Broker, this
must be reported to the Real Estate Division within... - ✔✔ANSW✔✔..10 days
The Division will issue a license to those who follow and complete the process set forth
in NRS 119a. Initially, the division will issue a... - ✔✔ANSW✔✔..Provisional License
until satisfactory results from the FBI fingerprint background check are received by the
Division
When a Provisional License is issued by the Division, there are certain restrictions that
apply to the Sales Agent that include all of the following EXCEPT... -
✔✔ANSW✔✔..May not earn a commission from the Broker while the Sales Agent's
license is in a Provisional condition
with Complete COMPREHENSIVE PREDICTOR RETAKE
EXAM 2025 ACTUAL EXAM COMPLETE QUESTIONS
WITH DETAILED VERIFIED ANSWERS (100%
CORRECT) /ALREADY GRADED A+ // BRAND NEW!!
The sale of timeshare interests in the State of Nevada is regulated under the provisions
of: - ✔✔ANSW✔✔..NRS 119a
The law that regulates real estate in Nevada is: - ✔✔ANSW✔✔..NRS 645
Who appoints the Administrator of the Real Estate Division? - ✔✔ANSW✔✔..The
Director of the Department of Business and Industry
Who appoints the Director of the Department of Business and Industry? -
✔✔ANSW✔✔..Governor
Who selects and appoints the Project Broker? - ✔✔ANSW✔✔..Developer
If a timeshare agent initially becomes licensed on June 6, 2000, when will the license
expire? - ✔✔ANSW✔✔..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? - ✔✔ANSW✔✔..$100
A timeshare owner with the same numbered week of ownership each year has... -
✔✔ANSW✔✔..Fixed use
What is fractional ownership? - ✔✔ANSW✔✔..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... -
✔✔ANSW✔✔..Floating use
, Which of the following reasons would NOT be cause for the Real Estate Division to
deny an application for timeshare sales license? - ✔✔ANSW✔✔..Driving Record
You have just completed making a timeshare sale. Your buyers go back to their hotel,
and after dinner and a few cocktails, they have second thoughts about the purchase.
Can they change their minds and get out of the deal? - ✔✔ANSW✔✔..Yes, they have to
right to revoke for any reason for 5 calendar days
Ted and Alice Smith have arrived at their timeshare resort and produced the confirmed
reservation for a unit. They are informed that the unit is NOT available. Ted goes
through the roof, but Alice knows that they are entitled to all the following EXCEPT... -
✔✔ANSW✔✔..A full refund of their purchase price
Any person who, on behalf of a developer, induces other persons to attend a sales
presentation is a ... - ✔✔ANSW✔✔..Registered Representative
How many hours of continuing education are required for a licensed Timeshare Sales
Agent? - ✔✔ANSW✔✔..6 hours
Mr. Allen was named the project broker at a Nevada timeshare resort. For which of the
following most accurately describes the people will he be responsible for? -
✔✔ANSW✔✔..Sales agents and representatives
In what year did the Nevada legislature pass the statute governing timeshare sales? -
✔✔ANSW✔✔..1983
To effect an exchange, an owner of a floating use period MUST first secure a specific
week through which of the following? - ✔✔ANSW✔✔..The home resort
A Broker that works on behalf of a Developer of Timeshare to coordinate and supervise
all sales activities is known as a... - ✔✔ANSW✔✔..Project Broker
If the relationship changes between the Sales Agent, Developer and/or the Broker, this
must be reported to the Real Estate Division within... - ✔✔ANSW✔✔..10 days
The Division will issue a license to those who follow and complete the process set forth
in NRS 119a. Initially, the division will issue a... - ✔✔ANSW✔✔..Provisional License
until satisfactory results from the FBI fingerprint background check are received by the
Division
When a Provisional License is issued by the Division, there are certain restrictions that
apply to the Sales Agent that include all of the following EXCEPT... -
✔✔ANSW✔✔..May not earn a commission from the Broker while the Sales Agent's
license is in a Provisional condition
