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WorksheetsTimeshare Recap
Total questions: 10
Worksheet time: 4mins
In ___________contract ,the use of the timeshare resort is usually divided into week long increments and these are sold as fractional ownership and are real property.
Right to use
Deeded
Timeshare Ownership
Club Agreement
In which type of contracts does a purchaser jointly invest in a property, allocate interests to each owner, and employ a manager to run the unit ?
Deeded
Right To use
Timeshare Ownership
Club Agreement
In which form of timeshare the owner has to use the same week every year?
Rotating Week
Fixed Week
Floating Week
Split Week
Which form of timeshare makes an attempt to give all owners a chance for the best weeks?
Fixed Week
Floating
Split Week
Rotating
A week’s holiday can be broken in two parts for two different properties and locations for a period of 3-4 days each.Which form of timeshare is this?
Rotating
Floating
Fixed Week
Split Week
__________ are organizations that may own timeshare units in multiple resorts in different locations.
Referral group
Vacation clubs
Condominium
Point Program Club
Timeshare properties has single owner as opposed to Condominium which has multiple owners
True
False
___________consist of independent hotels which have grouped together for some common purpose
Chains Hotels
Franchise
Referral groups
Condominium
Which of the below is an advantage of Timeshare?
Beats inflation by locking in costs
Marketing of timeshare is complicated
Resale of timeshare is difficult
Clients money gets tied up
When condominium units are rented ,the revenue goes to the Owner.
TRUE
FALSE
