You've heard of the attractive potential of timesharing and it sounds too good to be true. Imagine that -- a week's vacation in Florida every year at very little cost. Can anything go wrong? Is it a no-fail deal? Find out with this quiz.
Question 1 of 20
When you buy real estate through timeshare, you:
Question 2 of 20
Where are most North American timeshare resorts located?
Question 3 of 20
Who introduced the concept of timeshares?
Question 4 of 20
What is the minimum price for a used timeshare?
Question 5 of 20
What is included in annual fees?
Question 6 of 20
Who foots the bill if significant renovations are conducted on the timeshare property?
Question 7 of 20
Under one type of system, you can purchase a share during a particular season at a resort. What system might this be?
Question 8 of 20
The points system takes into account the time of year and the room/suite size. The greater the demand for a particular time of year,:
Question 9 of 20
What does timeshare swapping allow you to do?
Question 10 of 20
Who can help you find a suitable swapping partner?
Question 11 of 20
Are you allowed to rent out your timeshare property?
Question 12 of 20
Why is it inadvisable to buy a timeshare as an investment?
Question 13 of 20
In Florida it might become illegal to mention _____ in a timeshare sales pitch.
Question 14 of 20
What is the end result of thousands of resorts and millions of shares on the market?
Question 15 of 20
If you want to sell a timeshare, how can you indicate in your ad that there is no broker involved?
Question 16 of 20
How can you check the credentials of a broker?
Question 17 of 20
It isn't easy to figure out the appropriate market rate for your timeshare. What can you do about it?
Question 18 of 20
What is the key to avoiding a timeshare scam?
Question 19 of 20
Why might you need an escrow service when buying timeshare?
Question 20 of 20