TIMESHARE LICENSE PRACTICE SOLUTION
TEST 2026 COMPLETE QUESTIONS AND
ANSWERS GRADED A+
●● Transfer to new firm fee.
Answer: $25
●● Change of status to RETIRED status fee.
Answer: $25
●● Change of status to ACTIVE status fee.
Answer: $25
●● Change of licensee name fee.
Answer: $10
●● Change your address fee.
Answer: NO CHARGE
●● Change of firm name fee.
Answer: $10 per form-one form per licensee
,●● Change of firm address fee.
Answer: $50
●● Broker Change fee.
Answer: $25
●● What is the Tennessee Real Estate Commission?.
Answer: The judicial body of the real estate industry in the state of
Tennessee.
9 members: 3 from each grand division of the state
7 members from real estate industry
2 members from the general public
●● Term of Service for the Executive director of Real Estate
Commission appointment?.
Answer: 4 years
●● Term of Service for Commissioners of Real Estate commission
appointment?.
Answer: 5 years
,●● Term of Service for Commissioners on TN Human Rights
Commission Appointment.
Answer: 6 years
●● Who makes rules and regulations and enforces them?.
Answer: The Commission
●● Who adopts, amends, and repeals rules, regulations and issue orders
consistent with their objectives and the law?.
Answer: The Commission
●● Who may prescribe forms and procedures for submitting info to the
commission?.
Answer: The commission
●● Who may accept grants to further their purpose?.
Answer: The commission
●● Who may cooperate with agencies performing similar functions in
other jurisdictions to develop uniform procedures and standard?.
Answer: The commison
●● Who may have private investigations within or outside the state?.
, Answer: The commission
●● Who shall have the power to suspend or revoke the license of a firm,
agent, or the registration of a developer or fine same accordingly?.
Answer: The commission
●● Who may issue a cease and desist order if a developer has not
registered a timeshare program?.
Answer: The commission
●● Who may, after notice and hearing, revoke the registration of a
timeshare development upon determination that a developer or agent of
a developer has failed to comply with a notice suspension?.
Answer: The commission
●● The employees of the Tennessee Real Estate Commission are?.
Answer: The Executive Director
Full Time Director of Education w/ College Degree
Administrator and other staff as deemed necessary. Currently including
an attorney and 14 staff persons.
●● Executive Director.
Answer: appointed by the commission for a four year term. The
executive director must have a broker's license.
TEST 2026 COMPLETE QUESTIONS AND
ANSWERS GRADED A+
●● Transfer to new firm fee.
Answer: $25
●● Change of status to RETIRED status fee.
Answer: $25
●● Change of status to ACTIVE status fee.
Answer: $25
●● Change of licensee name fee.
Answer: $10
●● Change your address fee.
Answer: NO CHARGE
●● Change of firm name fee.
Answer: $10 per form-one form per licensee
,●● Change of firm address fee.
Answer: $50
●● Broker Change fee.
Answer: $25
●● What is the Tennessee Real Estate Commission?.
Answer: The judicial body of the real estate industry in the state of
Tennessee.
9 members: 3 from each grand division of the state
7 members from real estate industry
2 members from the general public
●● Term of Service for the Executive director of Real Estate
Commission appointment?.
Answer: 4 years
●● Term of Service for Commissioners of Real Estate commission
appointment?.
Answer: 5 years
,●● Term of Service for Commissioners on TN Human Rights
Commission Appointment.
Answer: 6 years
●● Who makes rules and regulations and enforces them?.
Answer: The Commission
●● Who adopts, amends, and repeals rules, regulations and issue orders
consistent with their objectives and the law?.
Answer: The Commission
●● Who may prescribe forms and procedures for submitting info to the
commission?.
Answer: The commission
●● Who may accept grants to further their purpose?.
Answer: The commission
●● Who may cooperate with agencies performing similar functions in
other jurisdictions to develop uniform procedures and standard?.
Answer: The commison
●● Who may have private investigations within or outside the state?.
, Answer: The commission
●● Who shall have the power to suspend or revoke the license of a firm,
agent, or the registration of a developer or fine same accordingly?.
Answer: The commission
●● Who may issue a cease and desist order if a developer has not
registered a timeshare program?.
Answer: The commission
●● Who may, after notice and hearing, revoke the registration of a
timeshare development upon determination that a developer or agent of
a developer has failed to comply with a notice suspension?.
Answer: The commission
●● The employees of the Tennessee Real Estate Commission are?.
Answer: The Executive Director
Full Time Director of Education w/ College Degree
Administrator and other staff as deemed necessary. Currently including
an attorney and 14 staff persons.
●● Executive Director.
Answer: appointed by the commission for a four year term. The
executive director must have a broker's license.
