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Exam (elaborations)

Tennessee Timeshare Exam

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Tennessee Timeshare Exam

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
33
Written in
2024/2025
Type
Exam (elaborations)
Contains
Questions & answers

Content preview

1 of 50

Definition



contract AND public offering statement



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Misleading or deceptive
Disclosures required by the 1968
representation would be telling the
"Truth in Lending Act" including:
purchaser that:

, Disclosure of Recession Rights
The purpose of the "Tennessee Real
must appear in bold face print
Estate Brokers License Act of 1973" is:
in the:


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2 of 50

Definition



late charges AND amount financed



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Receipt of Public Offering Statement Disclosure of Recession Rights must
shall take place no later than: appear in bold face print in the:




Misleading or deceptive Disclosures required by the
representation would be telling the 1968 "Truth in Lending Act"
purchaser that: including:


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, 3 of 50

Term



To be valid, a Public Offering Statement must be:



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signed AND dated approved and agreed to




signed And acknowledged signed And delivered


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4 of 50

Definition



1968 Fair Housing Act as amended



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The Timeshare agent refuses to
To place a license in retirement
sell the Timeshare to an African
status, a licensee must do all of the
American. This refusal is
following EXCEPT:
prohibited by:

, Price increase in Timeshare can NOT The Tennessee Real Estate
be announced more than days prior Commission has the authority to
to the effective date: perform the following duties except:


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5 of 50

Term



Who appoints individuals to the Tennessee Real Estate Commission:



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the governor the legislature




the broker the developer


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6 of 50

Term



Errors & Omission Insurance is required:



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