TN Timeshare Exam Questions and Answers 100% Pass

TN Timeshare Exam Questions and Answers 100% Pass What can be a timeshare? - Correct Answer ️️ -Anything unless prohibited by another document or regulation. What is a project instrument? - Correct Answer ️️ -All documents associated with a timeshare. What is the Tennessee Real Estate Commission (TREC)? - Correct Answer ️️ -The judicial body of the real estate industry in Tennessee Following discriminatory practices, you should make a complaint within ___ days - Correct Answer ️️ -180 What is a timeshare a estate? - Correct Answer ️️ -Ownership or leasehold estate in property devoted to a timeshare fee, tenants in common, time span ownership, and triple ownership and a timeshare lease. What is an acquisition agents? - Correct Answer ️️ -Licensed and attends directly to encourage any person to attend a sales presentation for a timeshare program What is an exchange agent? - Correct Answer ️️ -Agent for an exchange program What is a purchaser? - Correct Answer ️️ -Anyone who buys a timeshare What is a sales agent? - Correct Answer ️️ -Person acting as a seller of any timeshare contract (only cylinder specific timeshare developer) anyone who saw the timeshare What is a person that sells more than five timeshares a year that are not their own? - Correct Answer ️️ -Timeshare resale broker What is a unit? - Correct Answer ️️ -Real property improvements in a project which is divided into timeshare intervals What is a managing agent? - Correct Answer ️️ -Person with management duties and responsibilities and obligations What are timeshare units? - Correct Answer ️️ -Timeshare units can be created in any unit unless expressly prohibited by project and local governing laws What should be included on the public offering statement? - Correct Answer ️️ -The public offering statement should contain: Name of county where property is located Legal description of property Identification of time periods by letter name and number Common expenses and voting rights Any restrictions on occupancy alterations or alienation of timeshare unit