Tennessee Timeshare Exam Questions With Complete Solutions
Timeshare 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 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: 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
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tennessee timeshare exam questions with complete s
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