California Real Estate Practice Exam

What does a person with a time share always have?

1. A use interest

2. A property title

3. A rental agreement

4. A purchase option

The correct answer is: A use interest

A person with a time share always has a use interest, meaning they have the right to use a property or accommodation for a specific period of time each year. Option B, a property title, is incorrect because ownership of the property is usually divided among multiple time share owners and each only has access for a certain period of time. Option C, a rental agreement, is incorrect because time share owners don't rent the property; they have a use interest for a set period of the year. Option D, a purchase option, is incorrect because time share owners don't have the option to purchase the property outright, they only have the right to use it for a specific time period.