Nevada Timeshare License Practice Exam

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What regulation governs the sale of timeshare interests in Nevada?

NRS 645
NRS 119b
NRS 119a
NRS 645.001

The correct answer is: NRS 119a

The governance of the sale of timeshare interests in Nevada is primarily outlined in NRS 119A, also known as the "Timeshare Act." This legislation specifically addresses the regulations related to the creation, marketing, sale, and management of timeshare properties within the state. It ensures that consumers are provided with the necessary information and protections when engaging in timeshare transactions. The focus of NRS 119A includes requirements for disclosure to buyers, the right to cancel contracts, and other consumer protection measures specific to the timeshare industry. It helps to regulate the conduct of developers, marketers, and sellers involved in timeshares, fostering a clearer understanding of buyer rights and obligations. While other options like NRS 645 pertain to real estate brokers and salespersons and NRS 119B deals with additional regulations surrounding the timeshare industry, NRS 119A is specifically tailored to the core elements of timeshare sales. Consequently, NRS 119A is the correct choice as it directly relates to the sale of timeshare interests in Nevada.