1 of 65
Term
A person visits a Timeshare resort in Tennessee and signs a contract of
sale. The maximum recession period for this person is:
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10 days 14 days
, 30 days 5 days
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2 of 65
Term
What is not required to get a timeshare license?
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must have a college degree must be a resident of the state
must have prior real estate
must be 21 years old
experience
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3 of 65
Term
Timeshare units can be created:
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, only in units that have been in any unit as long as it is a vacation
previously rented home
only in designated luxury units in any unit unless prohibited by
regardless of local laws local laws
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4 of 65
Term
________ is a consumer credit protection law which is part of truth in
lending regulation?
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article 3 amended in 1990 part 7 enacted in 1969
chapter 12 established in 1980 section 5 introduced in 1975
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5 of 65
Definition
, -name of the county where property is located
-legal description of property
-ID of time periods by letter, name and number
-ID of timeshare estates and how many units can be in a timeshare
-common expenses and voting rights
-any restrictions on use occupancy alternations or alienation of
timeshare units
-ownership interest/maintenance provisions/replacement
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What is not required to get a What must be stated in a truth of
timeshare license? lending?
What should be included in the What type of license would a
public offering statement? salesperson need to sell timeshare?
Don't know?
6 of 65
Term
Misleading or deceptive representation would be telling the purchaser
that:
Give this one a try later!
Term
A person visits a Timeshare resort in Tennessee and signs a contract of
sale. The maximum recession period for this person is:
Give this one a try later!
10 days 14 days
, 30 days 5 days
Don't know?
2 of 65
Term
What is not required to get a timeshare license?
Give this one a try later!
must have a college degree must be a resident of the state
must have prior real estate
must be 21 years old
experience
Don't know?
3 of 65
Term
Timeshare units can be created:
Give this one a try later!
, only in units that have been in any unit as long as it is a vacation
previously rented home
only in designated luxury units in any unit unless prohibited by
regardless of local laws local laws
Don't know?
4 of 65
Term
________ is a consumer credit protection law which is part of truth in
lending regulation?
Give this one a try later!
article 3 amended in 1990 part 7 enacted in 1969
chapter 12 established in 1980 section 5 introduced in 1975
Don't know?
5 of 65
Definition
, -name of the county where property is located
-legal description of property
-ID of time periods by letter, name and number
-ID of timeshare estates and how many units can be in a timeshare
-common expenses and voting rights
-any restrictions on use occupancy alternations or alienation of
timeshare units
-ownership interest/maintenance provisions/replacement
Give this one a try later!
What is not required to get a What must be stated in a truth of
timeshare license? lending?
What should be included in the What type of license would a
public offering statement? salesperson need to sell timeshare?
Don't know?
6 of 65
Term
Misleading or deceptive representation would be telling the purchaser
that:
Give this one a try later!
