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Exam (elaborations)

TN TIMESHARE EXAM QUESTIONS WITH COMPLETE ANSWERS

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TN TIMESHARE EXAM QUESTIONS WITH COMPLETE ANSWERS

Institution
Tennessee Timeshare License
Course
Tennessee Timeshare License











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Written for

Institution
Tennessee Timeshare License
Course
Tennessee Timeshare License

Document information

Uploaded on
April 21, 2025
Number of pages
41
Written in
2024/2025
Type
Exam (elaborations)
Contains
Questions & answers

Content preview

1 of 65

Term



The term "person" means what?



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In the contract and public offering
Offer, consideration, and acceptance
statement, in bold print

, Individuals, corporations, and
In any unit unless prohibited by law
partnerships. All the above


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2 of 65

Term



Refers to a licensee, who has been chosen by the licensee's managing
broker, to serve as the agent of an actual or prospective party to a
transaction, to the exclusion of other licenses, employed by or
affiliated with the broker.



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Dual Agency Client




Designated Agent Limited Agency


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, 3 of 65

Term



Price increases in timeshare CANNOT be announced more than how
many days prior to the effective date?



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60 50 miles




180 days $30,000


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4 of 65

Term



When shall a receipt of Public Offering Statement take place?



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At least one week after the sale No later than the date of sale




Only if requested by the purchaser Before the signing of the contract

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5 of 65

Term



A person who sells or offers to sell timeshare intervals in a timeshare
program to a purchaser is called what?



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Affiliate Broker Client




Broker Sales Agent


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6 of 65

Term



The purpose of the "Tennessee Real Estate Brokers License Act of 1973"
is:



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