Nevada Timeshare License Practice Exam

What is the role of a broker who works on behalf of a Developer of Timeshare?

1. Sales Agent

2. Project Broker

3. Compliance Officer

4. Real Estate Associate

The correct answer is: Project Broker

The role of a broker who works on behalf of a Developer of Timeshare primarily involves overseeing the sales process and ensuring the development's interests are represented in the marketplace. This can include managing the sales team, coordinating marketing efforts, and ensuring compliance with relevant regulations and laws in the timeshare industry. A Project Broker specifically works on behalf of a developer, focusing on managing the project's sales operations from inception through completion, fostering relationships with buyers, and ensuring the successful sell-out of the development. In contrast, a Sales Agent typically works under the supervision of a broker and is responsible for selling timeshare units directly to consumers. A Compliance Officer focuses on ensuring that all operations adhere to legal and regulatory standards but does not engage directly with sales or project management. A Real Estate Associate is a broad term that may refer to various positions within real estate but does not specifically denote the unique responsibilities tied to collaborating with a timeshare developer. Thus, the distinction of the Project Broker role is essential in understanding how it is specifically oriented towards the developer's objectives within the timeshare context.