Certified Residential Appraiser Practice Exam

What is the most desired form of timesharing ownership?

1. Fee Timesharing

2. General Partnership

3. Timesharing

4. Cooperative

The correct answer is: Fee Timesharing

Fee timesharing is regarded as the most desired form of timesharing ownership because it provides the owner with a deeded interest in a specific property for a particular time period each year. This type of ownership gives the owner the opportunity to enjoy the property just like traditional real estate ownership, including the potential for appreciation in value and the ability to sell or transfer the interest. Owners of fee timesharing have more rights compared to other forms of timesharing. They own a fraction of the real estate, which carries with it some legal protections and benefits typically associated with owning real property. This might include rights to lease, rent, or otherwise use the property in ways that reflect more traditional property ownership. In contrast, general partnerships typically involve shared ownership and responsibilities but do not provide the same level of individual ownership and control that fee timesharing does. While the term "timesharing" itself can refer broadly to shared ownership models, it often lacks the specific rights and benefits conferred by deeded ownership. Cooperatives operate under a different structure where residents own shares in a corporation that owns the property, which can complicate ownership and usage rights. In summary, fee timesharing is preferred because it combines the benefits of traditional real estate