Nevada Timeshare License Practice Exam 2025 – 400 Free Practice Questions to Pass the Exam

The term that accurately describes a resort that features both whole ownership and timeshare interest ownership is a mixed-use resort. This type of resort integrates various forms of property ownership, allowing for a diverse range of occupancy options. In a mixed-use resort, whole owners may have exclusive rights to their unit year-round, while timeshare owners may have designated weeks or periods during which they can use their unit. This combination facilitates a broader range of use and investment opportunities at the property.

Unlike fractional ownership resorts, which specifically focus on dividing ownership among multiple owners for a single unit over a set timeframe, mixed-use resorts offer a more varied ownership structure. Exclusive use resorts emphasize singular ownership without sharing, and shared ownership resorts can refer to arrangements more concerned with equal time-sharing rather than outright ownership. Thus, the characteristic of accommodating both whole and timeshare interests categorizes it specifically as a mixed-use resort.