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Tennessee Timeshare License Exam 2024|100% solved | Questions and Correct Answers (Verified Answers) | A Grade

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Tennessee Timeshare License Exam 2024|100% solved | Questions and Correct Answers (Verified Answers) | A Grade

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Tennessee Timeshare License Exam
2024|100% solved | Questions and Correct
Answers (Verified Answers) | A Grade



If your boss tells you to sell to women only, and you comply, what are you guilty of? -
✔✔A variety of discriminatory actions




When is a public offering statement not required? - ✔✔During resale




Before a timeshare is a timeshare, what is it? - ✔✔A project




Can you indicated that a prospective tour has won a prize? - ✔✔NO




Can you misstate the value of a gift? - ✔✔NO




What must be stated in a Truth of Lending? - ✔✔Disclosure of everything related to a loan




What must be there for a contract to be valid? - ✔✔- Offer and acceptance

, - value consideration

- competent parties

- legal purpose

- reality of consent (not on drugs or undue unfluence)




What is the original license fee? - ✔✔$130

- 100 for license

- 30 for education and recovery fee




What is the renewal license fee? - ✔✔$80




What are the Pre-Requisites of licensing? - ✔✔-Honesty

-60 hours of real estate edu

-18 y/o

-must apply for license within 6 months of passing

exam -must not be on probation




Who makes up the Tennessee Real Estate Commission? - ✔✔9 members

- 3 from each grand division of state

- 7 real estate agents

-2 from general public

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