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Online Class: Timeshare Basics


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Course Description

There has been a sharp increase in vacation destinations over the past 50 years. With that increase, the concept of timeshares has blossomed. Owning a timeshare allows travelers to occupy accommodations for a period of time each year. This long-term strategy has become a travel industry standard and has provided vacationers with an option to hotel stays. This 11-lesson course takes you from the history of the vacation timeshare industry through the process of buying and selling a timeshare. 

We begin by briefly examining where and how the concept developed. Then we'll discuss properties and characteristics of timeshare ownership. Lesson II provides guidance about where to find timeshares and preparing for a purchase. Next, we go through the process of buying a package. Lessons IV, V and VI cover legal rights and responsibilities, the various types of ownership, and financial considerations. We move on to industry organizations you should know about. In Lesson VIII, you will learn about the scheduling aspects of timeshare ownership. We cover a variation of ownership called fractionals in Lesson IX.



Lesson X deals with exchanging and renting a timeshare unit. The series concludes with Lesson XI discussing important information about selling a timeshare. We include a glossary of common industry terms for reference. This course will give you a broad understanding of timeshare ownership, but does not contain every detail pertaining to this subject. Once you complete the course, we encourage you to discover as much as you can about this appealing concept of "owning your vacation."
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  • 6 Months to Complete
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  • PC & Mac Compatible
  • Android & iOS Friendly
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Universal Class is an IACET Accredited Provider
 
 
 
 
 
 

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Course Lessons

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Module I - Timeshare Basics

What is a Timeshare? How does a Timeshare work? What type of properties qualify as Timeshares? How much should I expect to pay? 22 Total Points
  • Lesson 1 Video
  • Review 2 Articles: Timeshare Basics; Timeshare Advice
  • Take Poll: Timeshares
  • Complete: Module I Assignment
  • Complete: Quiz for Module I - Timeshare Basics

Module II - Finding Your Timeshare

Information to determine if you should buy? Where to find Timeshares. Information about promotions and renting. 22 Total Points
  • Lesson 2 Video
  • Review 2 Articles: Find a Timeshare; Timeshare Tips
  • Complete: Module II Assignment
  • Complete: Quiz for Module II - Finding Your Timeshare

Module III - Buying Your Timeshare

Words of caution when buying a Timeshare when you attend a promotional event, review a contract, or consider a program 19 Total Points
  • Lesson 3 Video
  • Review 2 Articles: 7 Tips on Bying; How to Buy Smart
  • Complete: Quiz for Module III - Buying Your Timeshare

Module IV - Legal Consequences

Questions and answers about the rights and responsibilities under the law. 22 Total Points
  • Lesson 4 Video
  • Review 3 Articles: Timeshare Scams; Timeshares and Your Rights; Timeshare Insurance
  • Complete: Module IV Assignment
  • Complete: Quiz for Module IV - Legal Consequences

Module V - Ownership Types

Timeshares, Vacation Plans, and Fractional Ownership 21 Total Points
  • Lesson 5 Video
  • Review Article: Timeshare Types
  • Take Poll: Ownership Type
  • Complete: Module V Assignment
  • Complete: Quiz for Module V - Ownership Types

Module VI - Financial Considerations

Financing and tax information 17 Total Points
  • Lesson 6 Video
  • Review 2 Articles: Timeshare Financing Calculator; Timeshare Finance Resources
  • Complete: Quiz for Module VI - Financial Considerations

Module VII - Timeshare Organizations

The role of the developer, resort management companies, Timeshare sales agents, ARDA, exchange companies, Timeshare media, and regulatory and governmental bodies. 21 Total Points
  • Lesson 7 Video
  • Review 3 Articles: ARDA; Timeshare Forums; Timeshare Organizations
  • Complete: Module VII Assignment
  • Complete: Quiz for Module VII - Timeshare Organizations

Module VIII - Scheduling

Details of scheduling such as fixed week vs. floating week, red weeks, shoulder weeks, white seasons, etc. 20 Total Points
  • Lesson 8 Video
  • Review 2 Articles: Timeshare Calendar; Timeshare Glossary
  • Complete: Quiz for Module VIII - Scheduling

Module IX - Fractional Ownership

How Does Fractional Ownership Work? Benefits, and drawbacks of Fractional Ownership. 19 Total Points
  • Lesson 9 Video
  • Review Article: Fractional Guide
  • Complete: Module IX Assignment
  • Complete: Quiz for Module IX - Fractional Ownership

Module X - Renting & Exchanges

How to rent or exchange your Timeshare. Information about Exchange Companies, etc. 20 Total Points
  • Lesson 10 Video
  • Review 2 Articles: RCI; II
  • Take Poll: Renting Timeshare
  • Complete: Quiz for Module X - Renting & Exchanges

Module XI - Selling Your Timeshare

How to sell your timeshare and other options. 22 Total Points
  • Lesson 11 Video
  • Review 2 Articles: Facts about Selling; Selling a Timeshare
  • Take Poll: Final Course Poll - Your Opinion
  • Take Survey: Course Comments
  • Take Survey: Program Evaluation Follow-up Survey (End of Course)
  • Complete: Module XI Assignment
  • Complete: Quiz for Module XI - Selling Your Timeshare
225
Total Course Points

Additional Course Information

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Course Title: Timeshare Basics
Course Number: 7550049
Languages: English - United States, Canada and other English speaking countries
Course Type: General Education
CEU Value: 0.5 IACET CEUs (Continuing Education Units)
CE Accreditation: Universal Class, Inc. has been accredited as an Authorized Provider by the International Association for Continuing Education and Training (IACET).
Grading Policy: Earn a final grade of 70% or higher to receive an online/downloadable CEU Certification documenting CEUs earned.
Assessment Method: Lesson assignments and review exams
Instructor: UniversalClass Staff Instructor
Syllabus: View Syllabus
Duration: Continuous: Enroll anytime!
Course Fee: $60.00 (no CEU Certification) || with CEU Certification: $85.00

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Learning Outcomes

By successfully completing this course, students will be able to:
  • Define what a timeshare is and why you may or may not want to invest in it.
  • Find a timeshare.
  • Buy a timeshare.
  • Identify the legal consequences of owning a timeshare.
  • Describe ownership types.
  • Know financial considerations.
  • Identify timeshare organizations.
  • Schedule your timeshare.
  • Describe fractional ownership.
  • Know renting and exchanges in the timeshare market.
  • Sell your timeshare, and
  • Demonstrate mastery of lesson content at levels of 70% or higher.
 
 

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