Nevada Timeshare License Practice Exam

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Prepare for the Nevada Timeshare License Exam with interactive questions and comprehensive explanations. Familiarize yourself with the format and content of the test to boost your chances of success!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

A project broker must notify the Division of a change in association of sales agents within how many days?

5 days
10 days after the change
30 days
Immediately

The correct answer is: 10 days after the change

The correct choice reflects the requirement that a project broker must notify the Division of a change in the association of sales agents within 10 days after the change occurs. This timeframe ensures that the regulatory body stays informed about personnel involved in the sales process, which is crucial for maintaining accountability and compliance within the timeshare industry. This specific timeframe is established to allow for timely updates while balancing the practicalities of personnel changes in the industry. Prompt notification helps the Division monitor activities and ensures that all sales agents are properly associates in the organization, reflecting any changes in staffing and protecting consumer interests. The other options suggest different timelines, but they do not align with the regulatory standard set forth for notifying the Division, which emphasizes the importance of a structured yet reasonable notification period.