Timeshare License Exam Questions with Correct Answers 100% Verified Rated A+ 2024/2025 How long is a TSA license valid for?
- year
- years
- An app, certificates for passing the exam and for completing the 14- hour pre licensing course and
- An app, certificates for passing the exam and for completing the 14- hour pre licensing course and
- An app, certificates for passing the exam and for completing the 6 - hour pre licensing course and
- An app, certificates for passing the exam and for completing the 6- hour pre licensing course and $100
- Correct Answer An app, certificates for passing the exam and for completing the 14- hour pre licensing
As long as the TSA is affiliated with a developer/broker As long as the TSA completes required annual continuing education - Correct Answer 2 years If a timeshare agent initially becomes licensed on June 6, 2000 when will the license expire?June 6 2001 June 30 2001 June 6 2002 June 30 2002 - Correct Answer June 30 2002 An applicant for an original timeshare license MUST provide
$200
$100
$175
course and $200 If a timeshare agent is served notice that the division has filed charges against him he has how many days to file with the division and answer to the charges? 1 / 3
10 days 14 days 20 days 30 days - Correct Answer 20 days A developer may NOT make a material change in the timeshare plan without giving the division at LEAST how many days notice?10 days 14 days 20 days 60 days - Correct Answer 10 days If the highest monthly total of deposits received by a project is $50,000 what is the amount of surety bond REQUIRED for the benefit of the purchasers?25000 50000
100000
250000 - Correct Answer 50000 what is a timeshare?an investment a hedge against inflation a way to freeze the cost of vacations a guaranteed reservation at the resort of your choice - Correct Answer A guaranteed reservation at the resort of your choice 2 / 3
What is a fractional ownership?Ownership of an interval of less that a week Ownership of an interval of 1 month to 1/2 year Ownership of an interval shared with other owners - Correct Answer Ownership of an interval of 1 month to 1/2 year The value of an individual timeshare usually increases in value stays basically the same decreases in value matches the housing market in general - Correct Answer decreases in value An agreement between two or more parties is called a contract a purchase agreement an agency a sale - Correct Answer A contract The following elements are necessary to create an agency relationship EXCEPT perception of representation understanding consideration reliance - Correct Answer Consideration Which of the following is NOT necessary to form a contract?
- / 3