TSA Licensing Vocab Quiz Crossword
                                                          
                                                          
                                                          
                                                          
                                                          
                                                          
                                                          
                                                          
                                                          
                                                          
                                                          
                                                          
                                                          
                                                          
                                                          
                                                          
                                                          
                                                          
                                                          
                                                          
                                                          
                                                          
                                                          
                                                          
                                                          
                                                          
                                                          
                                                          
 
 
Down: 2) The relationship allowing one to act for another.3) Responsible for providing legal opinions to the Real Estate Division.5) Any document creating or regulating timeshares, excluding any law, ordinance, or governmental regulation. 8) An addition to a contract.9) A person who, on behalf of a developer and under the direct supervision of a real estate broker licensed, sells or offers to sell a timeshare to a purchaser.10) The unlawful act of charging interest on a debt at a rate greater than what is permitted under any applicable law or exemption from a law. There are none in place in Nevada.12) The Real Estate Division of the Department of Business and Industry. 14) A member of the staff of the Department of Business and Industry whom the Administrator has appointed to oversee a hearing.15) Any person, other than the developer or lender, who purchases a timeshare. 16) Statutes and Administrative Code for Real Estate.18) Time period that is sold to the buyer. AKA: a timeshare. 20) AKA: "Know Before You Owe". Created to empower consumers to understand their loan options, choose the deal that's best for them, and avoid costly surprises at closing. 21) Ensures meaningful disclosure to consumers regarding the cost of credit.22) Any transfer by deed or will of legal or equitable title to real property from one person to another.26) Money or something of value in exchange for something else.27) An additional loan charge or lender's fee that offsets a rising interest rate.28) A government, a governmental agency, and a political subdivision of a government. 29) Refers to all possessions and interests acquired by a couple during the period of their marriage.31) This is when a purchaser wants to trade their week in one city for a week in another city.32) An enticement to purchase for the purpose of determining whether to purchase a timeshare in a timeshare plan.36) A common interest subdivision project in which individual owners get free title to the air space located within the walls of their individual units as well as a percentage ownership of the common areas.37) A person who oversees the day-to-day operations of a timeshare resort.38) An office operated by a licensed real estate broker or corporation, separate from the principal location of the project broker, for the purposes of engaging in the business of selling real estate or timeshares. 39) A licensed real estate broker who, on behalf of a developer and for gain, employs or engages any person to induce a person to become a prospective purchaser from a developer.42) Mixing personal funds with the Developer's funds or mixing personal funds with the purchaser funds.51) An instrument under seal, used to convey an interest in real property. Across: 1) A private organization of Owners that manages and maintains a community's common areas and sets rules for its residents.3) CEO OF THE NRED.4) The document consisting of the covenants, conditions, and restrictions which regulates a project or a timeshare plan.6) A person who undertakes, directly or indirectly, the duties, responsibilities and obligations of managing, in whole or in part, a timeshare plan or a project, or both.7) Requires a contract to be in writing to be enforceable.11) A contract that has been performed.13) A type of interval ownership where the owner must make a reservation to occupy his accommodation with a given year.17) The rights to timeshares and the obligations and interests of the owners created by a timeshare instrument.19) Published material which: 1. Offers for sale any project, unit, timeshare or interest in any timeshare project; 2. Causes or induces, directly or indirectly, any person to acquire any interest in a project, unit, timeshare or interest in any timeshare project; 3. Is used to induce prospective purchasers to attend sales presentations on timeshares; or, 4. Is used substantially for the retention of purchasers after a sale.23) Projects the expenses of an association to repair, replace, and restore the major components of the common area and that establishes the reserves required to cover such expenses.24) A solicitation made from a location, other than a developer’s or real estate licensee’s regular place of business, including a location from which telephone solicitations are made, to induce persons to attend a sales presentation for a subdivision.25) A Timeshare Representative30) A false statement or concealment of material fact with the intention of inducing action of another. An untrue statement of fact.33) The governing body designated in a timeshare instrument to act on behalf of an association.34) That portion of a project which is designated for separate occupancy.35) The relationship between a Broker-Salesperson, Salesperson, Timeshare Representative, or Timeshare Agent and the Project Broker with whom they are associated.40) Any lien which encompasses more than one timeshare.41) Any person who is licensed under chapter 645 of NRS and is employed or engaged by a licensed real estate broker 43) A person, including a developer, who has an equitable or legal interest in a timeshare.44) An estate in fee simple for a period of 3 years or more conferring a right to periodic possession of a specific unit of a subdivision.45) A series of numbers or letters, or any combination thereof, which identifies, for the duration of a timeshare plan, one timeshare in the plan. 46) Any person licensed pursuant to chapter 645 of NRS who coordinates the sale of timeshares for one or more timeshare plans, and to whom sales agents and representatives are responsible on behalf of one or more developers. 47) A misstatement of material fact made with intent to deceive or made with reckless disregard of the truth, and that actually does deceive.48) Statutes and Administrative Code for the Sale of Timeshares.49) Those portions of a project other than the units. The term includes any easement which benefits the project. 50) Any fact that may have a significant and reasonable impact on the market value of the property is material. Must be disclosed. 52) The real property which, in whole or in part, is the subject of a timeshare plan. 53) The authorization issued by the Administrator to a Developer to offer to sell or sell timeshares. 54) A person who is licensed pursuant to the provisions of chapter 645 of NRS, who, for compensation, lists, advertised transfers, assists in transferring, promotes for resale or solicits prospective purchasers for previously sold timeshares on behalf of an owner other than a developer.
 

 

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