TN Timeshare Exam 2025/2026 ACTUAL COMPLETE REAL
EXAM QUESTIONS AND CORRECT ANSWERS (VERIFIED
ANSWERS ) ALREADY GRADED A+!!
What are the prerequisites for licensing? - ANSWER-Honest,
18 years of age,
resident of state, not criminal, not on
probation.
True or false? An applicant who has passed the exam within
the last 6 months
is not necessarily qualified for a license. -
ANSWER-True
What is the renewal fee for the license? - ANSWER-80
The original license fee is ____ Plus ___ for education and
recovery fee? -
ANSWER-100,
30
,You must renew you license ____ days prior to expiration -
ANSWER-60
You must make a minimum passing score of _____% on
your exam. -
ANSWER-
70
If you terminate your affiliation you have ___ days to notify
the commission. -
ANSWER-
10
If your broker tells you to sell only to a particular group and you
do as you were
instructed, you are guilty of _____. - ANSWER-
Discrimination
What are the requirements for a contract and agreement to be
made? - ANSWER-Offer an acceptance, valid consideration,
competent parties, legal purposes, reality of consent
Disclosure of everything related to a loan is considered? -
ANSWER-Truth in
, lending, came into being after banking industry was
deregulated
Who appoints the members of TREC? - ANSWER-Governor
What are the three grand divisions and how many members of
TREC are from
each division? - ANSWER-East, west,
middle. 3
Who approves real estate schools? - ANSWER-State of TN
What is the liability of real estate education and recovery
account? - ANSWER-
Shall not exceed 15000 for transaction or 30,000 for the
duration of any
licensee
career
What must be prominently displayed in the brokers principle
place of business?
- ANSWER-All
licenses
EXAM QUESTIONS AND CORRECT ANSWERS (VERIFIED
ANSWERS ) ALREADY GRADED A+!!
What are the prerequisites for licensing? - ANSWER-Honest,
18 years of age,
resident of state, not criminal, not on
probation.
True or false? An applicant who has passed the exam within
the last 6 months
is not necessarily qualified for a license. -
ANSWER-True
What is the renewal fee for the license? - ANSWER-80
The original license fee is ____ Plus ___ for education and
recovery fee? -
ANSWER-100,
30
,You must renew you license ____ days prior to expiration -
ANSWER-60
You must make a minimum passing score of _____% on
your exam. -
ANSWER-
70
If you terminate your affiliation you have ___ days to notify
the commission. -
ANSWER-
10
If your broker tells you to sell only to a particular group and you
do as you were
instructed, you are guilty of _____. - ANSWER-
Discrimination
What are the requirements for a contract and agreement to be
made? - ANSWER-Offer an acceptance, valid consideration,
competent parties, legal purposes, reality of consent
Disclosure of everything related to a loan is considered? -
ANSWER-Truth in
, lending, came into being after banking industry was
deregulated
Who appoints the members of TREC? - ANSWER-Governor
What are the three grand divisions and how many members of
TREC are from
each division? - ANSWER-East, west,
middle. 3
Who approves real estate schools? - ANSWER-State of TN
What is the liability of real estate education and recovery
account? - ANSWER-
Shall not exceed 15000 for transaction or 30,000 for the
duration of any
licensee
career
What must be prominently displayed in the brokers principle
place of business?
- ANSWER-All
licenses
