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!

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Which of the following does NRS 119a apply to?

All real estate properties
Timeshare projects with more than 12 units
Commercial properties only
Residential properties only

The correct answer is: Timeshare projects with more than 12 units

NRS 119A specifically pertains to timeshare projects in Nevada, particularly those that consist of more than 12 units. This statute was enacted to regulate the sale and marketing of timeshares, ensuring consumer protection and compliance with specific standards and disclosures related to timeshare offerings. By focusing on projects that accommodate multiple units, the law seeks to address the complexities and consumer concerns associated with shared ownership arrangements in larger developments. The other options do not apply because NRS 119A is not universal to all real estate properties, nor does it focus solely on commercial or residential properties. Instead, it is tailored to a specific category of real estate, which is important for understanding how regulations affect timeshare developers and consumers differently than other types of property transactions.