TN Time Share License question and answers graded A+ 2023 passed

TN Time Share License question and answers graded A+ 2023 passed What is the Tennessee Real Estate Commission (TREC)? - correct answer The Judicial body of the real estate industry in Tennessee Following a discriminatory practice, you should make a complaint within __ days? - correct answer 180 What is a time share estate? - correct answer Ownership or leasehold estate in a property devoted to a time-share fee, tenants in common, time span ownership, interval ownership, and a time share lease. What is an acquisition agent? - correct answer A licensee who attempts directly to encourage any person to attend a sales presentation for a time share program. What is a purchaser? - correct answer Anyone who buys a time-share. What is a sales agent? - correct answer Person acting as a seller of any Time share contract and acting under a specific developer for selling time share. What is a time share resale broker? - correct answer A person who sell more than 5 time shares a year that are not their own. What is a unit? - correct answer Real property improvements in a project which is divided into time share intervals. Time-share units can be created unless... - correct answer expressly prohibited by project instruments or local governing laws The Public Offering Statement should contain what? - correct answer County where property is located Legal description of property