Timeshares: Definition & Considerations

Instructions:

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question 1 of 3

A timeshare divides rights in property by ____.

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1. Generally speaking, a timeshare is considered a ____ investment vehicle.

2. Tom has purchased a two-week deeded interest in a timeshare. What ownership interest does he have in the property?

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About This Quiz & Worksheet

If you complete this worksheet and quiz, you can see what information you know about timeshares and their purposes. Also, you will be able to identify the different types of timeshares.

Quiz & Worksheet Goals

You can use this quiz/worksheet combo to gauge your knowledge of the following topics:

  • Calculating ownership interest
  • Timeshare's rating as an investment vehicle
  • How a timeshare divides rights in property
  • Methods for getting out of a timeshare

Skills Practiced

  • Information recall - retrieve the knowledge you have gained to determine why timeshares may be a bad investment
  • Knowledge application - use your knowledge to identify the different types of timeshares and their characteristics
  • Reading comprehension - pull the most pivotal information from the lesson on timeshares

Additional Learning

Gaining more knowledge about timeshares is possible if you read the lesson called Timeshares: Definition & Considerations. You can use this lesson to help you:

  • Learn why people purchase timeshares
  • Identify the pitfalls of investing in a timeshare
  • Understand what the cooling off period is
  • Determine what has to be paid in a timeshare
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