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Timeshare Test 1 202 5 |100% solved | Questions and
Correct Answers (Verified Answers) | A+ Grade
Marriott Vacation Club just introduced what kind of ownership? - ✔✔points Existing Marriott Vacation Club owners will have to convert their ownership into the new program. - ✔✔FALSE Timeshare sales have increased or decreased in the United States since last year. - ✔✔Decreased At the end of the semester Dr. Kaufman accepts extra credit papers if you have a poor grade. - ✔✔FALSE Before the banking issues if you could sign your name and wanted to buy it timeshare resorts would sell it to you. - ✔✔TRUE It is a good time to buy a timeshare on the resale market. - ✔✔TRUE Vacation ownership originated in the United States. - ✔✔FALSE What company does not have a timeshare segment? - ✔✔None of the above
If you own a timeshare you must always return to the same resort every year. - ✔✔FALSE What decade were timeshares created? - ✔✔1960s Wyndham is charging how much for owners to purchase guest certificates(needed for people the owner chooses to use the property/not the owner)? - ✔✔$ Wyndham currently allows owners to sell their points to other owners at no cost. - ✔✔FALSE Timeshares are a good real estate investment. - ✔✔FALSE Hyatt Vacation Club has locations in the following places - ✔✔Key West, Lake Tahoe, Carmel, CA Hyatt Vacation Club owners may redeem points for travel to participating Hyatt Hotels and Resorts. - ✔✔TRUE The tests and exams are administered in the classroom. If you are more than 10 minutes late you will not be able to take the exam. - ✔✔TRUE Timeshare owners are responsible for repairs of their resort in the case of a hurricane. - ✔✔TRUE
What percentage of timeshare owners own timeshares at two resorts? - ✔✔19.3% Bluegreen's operating income from Dec 31 2006 to Dec 31 2009 has decreased by how many million? - ✔✔37.6 mil More than half of timeshares are financed through the developer - ✔✔TRUE Bluegreen Corporation gross profit decreased between 2008 and 2009 - ✔✔TRUE The smallest number of timeshare projects is located where in the US? - ✔✔Northeast Most timeshare owners stated that if they were buying another timeshare that they would purchase it new through the developer - ✔✔FALSE One of the benefits of Shell Vacation Clubs is the opportunity to go on African safaris. - ✔✔TRUE One thing the California and Hawaii timeshare markets have in common is - ✔✔High product costs The timeshare industry is now heavily regulated on a state-by-state basis - ✔✔TRUE
Over half of the timeshare owners live where - ✔✔east coast The most mentioned reason that people hesitate before buying a timeshare is the price - ✔✔FALSE Most timeshare owners stayed in their home resort instead of exchanging for another one in
- ✔✔TRUE Timeshares are only allowed to charge maintenance fees. Special assessments that cover extra costs such as storm damage cannot be charged - ✔✔FALSE Andrew Carnegie paid Charles Schwab 1 million dollars a year to be the president of his Steel company because he knew more about steel than anybody else - ✔✔FALSE The right to use timeshare the owner gets to use a timeshare for a certain period of time, but they do not own it - ✔✔TRUE Typically, timeshares are built in phases. Construction does not begin until 50% of the property has been sold. - ✔✔TRUE Today timeshare resorts may contain as many as 1,000 units - ✔✔TRUE
As soon as your week is deposited with an exchange company - ✔✔you can request and get the week you want if it is available How much can families save per day by not dining in expensive restaurants for every meal while staying at a timeshare resort and using their kitchen for some meals - ✔✔$ Lincoln never publicly criticized anyone in his life - ✔✔False A downside to owning a timeshare is that you must continue to pay the yearly maintenance fee, which can increase over the lifetime of the resort, whether you use it or not - ✔✔True Fixed week ownership means that you have the right to occupy (or have available for trade or rent) a specific week and unit number at the resort you own every year - ✔✔TRUE According to Dale Carnagie, what is the one secret to success? - ✔✔get the other person's point of view and see things from that angle as well as from your own The act of a timeshare owner in deferring the use of a timeshare interest from a given year into the next succeeding year - ✔✔Banking If a person owns a biennial timeshare they get to use it twice a year - ✔✔False
All people whether they are cleaning toilets or head of a corporation what to be admired. - ✔✔True The statutorily required "cooling-off" period during which a purchaser can decide not to purchase the timeshare interest and rescind the purchase contract. How long is it in the state of Florida? - ✔✔10 days Most timeshare owners in Europe come from which country? - ✔✔UK What percentage of European owners own multiple weeks of timeshare? - ✔✔Nearly 80 percent People that ...... tend to manage, teach, and sell more effectively and to raise happier children. - ✔✔smile The name given to the prospective purchaser who is acquired through an OPC effort to take a tour. Another name for qualifying tour or prospect. What is this person called? - ✔✔Ups A vacation certificate or other inducement that requires that the prospective purchaser take a tour to receive the premium. What is this called? - ✔✔Hook Everyone that purchases a timeshare purchases for the same reason - ✔✔False
