TN Timeshare EXAM 2025/2026 ACTUAL COMPLETE REAL EXAM
QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED
ANSWERS) |ALREADY GRADED A+ /ASSURED!!
When does your license expire? - ANSWER-Two years less
one day from the
date of
issue
How do you get reinstated if you let your license expire? -
ANSWER-The penalty is $50 per month for two months then
$100 per month up to six months, after that you must re-test
Who is the developer? Can they be refused a license or
registration? -
ANSWER-The seller. Yes, if they are a moral or
financially unstable
What is an example of an exchange agent? - ANSWER-RCI
agent
What can be a timeshare? - ANSWER-Anything, unless
prohibited by other
,document for local
regulations
What is a project instrument? - ANSWER-All documents
associated with the
timeshare
If the property is not a timeshare, what is it? -
ANSWER-Rental or whole
ownership
When do we present the public offering statement? -
ANSWER-First thing in the
deeding. Must have rescission
statement on it
What is the form by which you will be all business with the
commission is
conducted after licensing? -
ANSWER-TREC-1
When one of the contract essentials is missing, the contract is
___ - ANSWER-
Voidable
, How long do you have to spend as an affiliate before applying
to be a broker? -
ANSWER-Three
years
How long after passing the test do you have to apply for a
license? - ANSWER-
Six months then
retest
Whose job is it to make sure that you renew your license? -
ANSWER-The
licensee
What is an example of a voidable contract? - ANSWER-Lacks
enforceability
Who is responsible for miss leading advertising? - ANSWER-
Licensee placing
advertising
What is the most important broker responsibility? -
ANSWER-Informing Rep
QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED
ANSWERS) |ALREADY GRADED A+ /ASSURED!!
When does your license expire? - ANSWER-Two years less
one day from the
date of
issue
How do you get reinstated if you let your license expire? -
ANSWER-The penalty is $50 per month for two months then
$100 per month up to six months, after that you must re-test
Who is the developer? Can they be refused a license or
registration? -
ANSWER-The seller. Yes, if they are a moral or
financially unstable
What is an example of an exchange agent? - ANSWER-RCI
agent
What can be a timeshare? - ANSWER-Anything, unless
prohibited by other
,document for local
regulations
What is a project instrument? - ANSWER-All documents
associated with the
timeshare
If the property is not a timeshare, what is it? -
ANSWER-Rental or whole
ownership
When do we present the public offering statement? -
ANSWER-First thing in the
deeding. Must have rescission
statement on it
What is the form by which you will be all business with the
commission is
conducted after licensing? -
ANSWER-TREC-1
When one of the contract essentials is missing, the contract is
___ - ANSWER-
Voidable
, How long do you have to spend as an affiliate before applying
to be a broker? -
ANSWER-Three
years
How long after passing the test do you have to apply for a
license? - ANSWER-
Six months then
retest
Whose job is it to make sure that you renew your license? -
ANSWER-The
licensee
What is an example of a voidable contract? - ANSWER-Lacks
enforceability
Who is responsible for miss leading advertising? - ANSWER-
Licensee placing
advertising
What is the most important broker responsibility? -
ANSWER-Informing Rep
