Florida Real Estate Practice Exam

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What is a timeshare estate?

  1. Real estate owned by a campground membership

  2. Shared dwelling occupancy based on a timeshare agreement

  3. A type of timeshare without ownership rights

  4. Equitable vacation property ownership

The correct answer is: Shared dwelling occupancy based on a timeshare agreement

A timeshare estate is a shared dwelling occupancy agreement in which the property is owned by multiple individuals through a timeshare agreement. Option A is incorrect because a campground membership is not the same as a timeshare estate. Option C is incorrect because a timeshare estate does involve ownership rights. Option D is incorrect because a timeshare estate is not a property ownership, but rather a shared occupancy agreement.

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