Nevada Timeshare License Practice Exam

What is a requirement for all timeshare advertising?

1. Must include a phone number for customer inquiries

2. Must display the state approval number

3. Must be published in a national magazine

4. Must be approved by the company attorney

The correct answer is: Must display the state approval number

The requirement for all timeshare advertising to display the state approval number is essential because it ensures transparency and compliance with legal regulations governing timeshare sales. This number indicates that the offering has been reviewed and accepted by the appropriate state agency, providing consumers with reassurance about the legitimacy of the timeshare program. When advertising a timeshare, it's crucial to convey that the offering meets specific standards and has undergone scrutiny by regulators, which helps protect potential buyers from fraudulent or deceptive practices. This requirement ultimately supports fair trade practices and promotes consumer confidence in the timeshare industry. The other options present various elements that might enhance an advertising campaign but are not universally mandated by law, such as including a customer inquiry phone number, publication requirements, or internal approval processes. While these aspects may contribute to effective advertising, they do not hold the same level of regulatory necessity as displaying the state approval number.