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Commonly Asked
Questions About Time Share Licensing
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Use this guide
to better inform yourself about the licensing process.
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For further
information please call the schools admissions office (702) 313 -
7000
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- Q Will I need real estate
license to conduct myself in the field of time share?
- A No, Individuals conducting
business as a sales agent will not need a real estate license.
- Q What will be the fees
associated with activation of my time share license?
- A The cost of the original
time share license will be $175 payable to the Nevada Real
Estate Division after you have passed your licensing
examination.
- Q How long is the test for
licensure?
- A 50 Multiple choice questions
in which you must score a 75% or better.
- Q How do I activate my license
once I have passed the examination?
- A In order to activate the
time share license you must associate yourself or hang you
license under a project broker (the time share organization) and
then apply for the license with the state.
- Q
Will I have to wait months to get my license so I can practice?
- A No. Contrary to Real Estate
license applications, time share applications are processed very
quickly and the state can often recognize the background check
completed by the project broker to make the application process
even quicker. Time share applicants are often up and running
within a week.
- Q How much and how will I be
paid once I activate my license and associate with a project
broker?
- A Sales agents are almost
always paid a percentage of the selling price of the time
share. Some agents are paid a flat fee per sale or
representation. Percentages of compensation usually range from
5% to 10% of the sale. The average yearly income is reported
to be between $32,000 and over $110,000. (Depending on the
sales activity of the sales agent)
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