Nevada Timeshare License Practice Exam

Who shall license each applicant for a timeshare license?

1. The Administrator

2. The Attorney General

3. The Division

4. The project broker

The correct answer is: The Administrator

The Administrator is the entity responsible for licensing each applicant for a timeshare license in the state of Nevada. This individual or office operates under the oversight of the relevant regulatory body, which ensures compliance with the state's timeshare laws and regulations. As the licensing authority, the Administrator evaluates applications to ensure that applicants meet the necessary qualifications, adhere to ethical standards, and are capable of conducting timeshare operations legally. In contrast, the Attorney General's role is more focused on legal oversight and enforcement of the laws rather than the licensing process itself. The Division typically refers to a broader administrative body that encompasses various functions, including regulation and compliance, but not exclusively responsible for licensing. The project broker, while integral to the management and sales of timeshare properties, does not have the authority to grant licenses to applicants. Therefore, recognizing the specific duties assigned to each role clarifies why the Administrator is correctly identified as the licensing authority for timeshare applicants in Nevada.