TN Timeshare question and answers rated A+ 2023 passed

TN Timeshare question and answers rated A+ 2023 passedThe judicial body of the real estate industry in the state of Tennessee. - correct answer What is the Tennessee Real Estate Commission? ∙ Nine members: 3 from each grand division of the state. ∙ 7 from the real estate industry ∙ 2 from the general public - correct answer Tennessee Real Estate Commission What are the liability limits of the R.E. Education and Recovery Account - correct answer $15,000/ trans or $30,000 for the duration of any licensees career Who has custody and charge of the Seal? - correct answer The commission Executive Director Whose responsibility is it to select the chair and Vice Chair of the TREC? - correct answer TN Real Estate Commission(TREC) What is the penalty for any person acting as a broker, affiliate broker, time share salesperson, or acquisition agent without first obtaining a license? - correct answer Class B misdemeanor In Civil liability the commission would be defended by _____________________? - correct answer The Attorney General The Truth in Lending is part of what legislation? - correct answer Consumer Protection Act How many of the Members of the TN Real Estate Commission are from the General Public? - correct answer 2