Tennessee Timeshare Practice Exam correctly answered 2023

Tennessee Timeshare Practice Exam correctly answered 2023Timeshare units can be created: - correct answer in any unit unless prohibited by local laws Receipt of Public Offering Statement shall take place no later than: - correct answer Date of sale To be valid, a Public Offering Statement must be: - correct answer signed and dated Disclosure of Recession of Rights must appear in bold face print in the: - correct answer contract and public offering statement Escrow account for timeshare sale shall not be held by: - correct answer the developer Who is ultimately responsible for Escrow funds? - correct answer the broker Any person other than a developer or lender who acquires an interest in a Timeshare is called: - correct answer purchaser A person visits a Timeshare resort in Tennessee and signs a contract of sale. The maximum recession period for this person is: - correct answer 10 days A timeshare contract is voidable by purchaser until: - correct answer a 10 day recession period has passed and until they have received a public offering statement A person who solicits people to attend a timeshare presentation is: - correct answer an acquisition agent A person who exchanges timeshare intervals in exchange programs with other timeshare intervals is called a/an: - correct answer exchange agent