Nevada Timeshare License Practice Exam 2025 - Free Timeshare License Practice Questions and Study Guide

A developer can sell timeshare interests prior to project completion when they have obtained a Preliminary Permit. This permit allows developers to market and sell timeshare interests legally even if the project is not fully completed. The Preliminary Permit ensures that there are protections in place for the buyers, such as the requirement for developers to provide specific disclosures about the project and to hold funds in trust until certain conditions are met.

While having a completed model unit or reaching a certain level of construction completion may seem like valid conditions for selling timeshare interests, they do not provide the legal framework required to protect consumers and facilitate sales before completion. Consequently, promotional events, while they can be a part of marketing efforts, do not govern the legality of selling unfinished projects. The Preliminary Permit is specifically designed to address the nuances of selling incomplete timeshare developments, ensuring regulatory compliance and consumer protection.