119 A Time Shares

Question 1

All Advertisements must be approved by

Answer 1

-NVRED

Question 2

NV Property Report

Answer 2

• First page must have superimposed red letters ->beware before buying
• A report telling you everything about the NV real property
• Do not sign unless you understand everything in report

Question 3

NV licensees must do 3 things

Answer 3

• Give you a NV real property report
• Go over the NV real property report with you
• IF you buy they must give you a signed copy of the real property report

Question 4

NV licensees selling recommend you do 2 things

Answer 4

• Understand what was said

- See what you were purchasing

Question 5

Purchaser has the right to cancel______

Answer 5

• through the 5th calendar day

Question 6

The right to cancel can not be waived and can be done by______

Answer 6

• Appearing personally
• Sent by telegraph
• Sent by certified mail

Question 7

NV Developer must return any monies received within _____

Answer 7

• 15 days of canceling

Question 8

Waterfront property definition

Answer 8

Water actually touches the privately held real property and is contiguous and useable

Question 9

In meetings you

Answer 9

• Can’t use shills
• Can’t have more tahn two turn by NV salespeople
• Loud music can be asked to be turned down by NVRED
• Conversations can be recorded by NV people giving promotional meeting
• People must be told at least twice that they are being recorded