Time Share Pitfalls and Exit Strategies Quiz
5 Questions
0 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

What is the main problem with purchasing a time share, according to the text?

  • Difficulty in selling the time share
  • High annual maintenance fees (correct)
  • Limited availability of time share units
  • Inability to choose preferred vacation weeks

    • Why are time share development companies highly incentivized to sell their time shares?

  • To double their profits (correct)
  • To promote sustainable vacation options
  • To offer affordable vacation opportunities
  • To support local communities

    • Why have time shares fallen out of favor in recent times?

  • Preference for varied vacation experiences (correct)
  • Rising costs of time share units
  • Limited vacation options
  • Decreased availability of time share units

    • What is the potential issue with the value of a time share, as highlighted in the text?

    <p>Higher annual dues than street purchase cost</p> Signup and view all the answers

    What is a significant advantage for developers in selling time shares, as per the text?

    <p>High profit margins</p> Signup and view all the answers

    More Like This

    Use Quizgecko on...
    Browser
    Open
    Browser
    Browser