
Florida Timeshare Laws chapter 11
Quiz
•
Others
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Professional Development
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Hard
Hillary Robleto
FREE Resource
25 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which one of the following is NOT a provision of F.S. 721?
Establish procedures for the creation, sale, exchange, promotion, and operation of timeshare plans
Provide full and fair disclosure to the purchasers and prospective purchasers of timeshare plans
Give statutory recognition to personal property timeshares sold in other states but operating in Florida
Recognize that the tourism industry in this state is a vital part of the state’s economy
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is an example of a personal property timeshare?
A condominium with 48 townhomes
A timeshare with a mid-rise apartment complex and a neighboring single-family complex
An undivided-interest campground with 50 separate campsites
A cruise ship
3.
FILL IN THE BLANK QUESTION
30 sec • 1 pt
Fill in the blanks. F.S. 721 applies, with some exceptions, to all timeshare plans that consist of more than _____ timeshare periods over a period of at least _____ years in which accommodations and facilities are located within Florida or offered for sale within Florida.
4.
FILL IN THE BLANK QUESTION
30 sec • 1 pt
If a prospective buyer’s total financial obligation is less than or equal to _____ during the entire plan, the timeshare is exempt from F.S. 721.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which statement is CORRECT when a timeshare plan is subject to both F.S. 721 and F.S. 718 or 719?
The plan must comply with all the provisions of both statutes.
The plan must comply with the provisions of both statutes as advised by its attorney.
The plan must comply with Part VI of F.S. 718 and 719 relating to conversions.
In the event of a conflict between F.S. 721 and F.S. 718 or 719, F.S. 721 shall prevail.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The description of a timeshare plan must include all of the following, EXCEPT:
Apportionment of common expenses
Identification of the managing entity
Number of units and timeshare periods
Duration of the plan
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which statement is CORRECT about reservation systems and programs?
They may be considered a trade secret by the developer.
They must be spelled out in the public offering statement.
They must be disclosed in all advertising materials.
They are required for every timeshare program, whether in Florida or outside of Florida.
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