7/2/25, 10:38 PM
TENNESSEE TIMESHARE NEWEST EXAM 2025 -2026
\LATEST VERSION WITH UPDATED QUESTIONS AND
ACCURATE DETAILED ANSWERS \ASSURED PASS
ALREADY A+
A timeshare program may The project instruments and local governing laws
be created in any unit
unless expressly prohibited
by
The commission may Within or outside the state
initiate private
investigations:
Disclosure of rescission Contract and public offering statement
rights shall appeal in bold
face and conspicuous type
in the
2 years from the date of License expiration
issuance
Can fine you, suspend your Powers of the commission
license or refer you to a
court
If civil action is taken, 60 days
commission must act within
If buyer is on side and does 15 days to cancel contract
not see the property or
buys the property offsite
How long is the cancellation 10 or 15 days
period in TN/Rescission
What would keep a Bankruptcy or moral issues
1/1
5
, 7/2/25, 10:58 PM Tennessee Timeshare
developer from obtaining a
license
What are the terms of Executive director 4 years - commissioner of real estate
service for commissioners commission 5 years - commissioner of TN Human Rights 6 years
When is a public offering During resale
statement not required?
Before a timeshare is a Project
timeshare, it is a what?
You can not indicate that a Prize
prospective tour has won
a what?
Disclosure of everything Truth of lending
related to a loan must be a
stated in a what?
What makes a contract valid? An offer and acceptance, competent parties, legal purpose,
reality of consent, etc.
You can not misstate the Gift
value of what?
What is the cost for a $130
original license and
recovery fee?
What are some of the Honesty, 60 hrs of real estate education, 18 years or
prerequisites of licensing? older, must apply for license w/in 6 month of passing
exams, must not be on probation
On the federal level, the Federal Trade Commission
____________________ agenc
y
has taken the most active
regulating role relating to
sales marketing
In order for a DEED to be Consideration and the grantor having legal authority to execute
valid what must happen? DEED
The developer shall not Securities and Exchange Act of 1933 and Federal
be required to relate and Interstate Land Sales Full Disclosure Act
distribute a public
offering statement if the
developer has regulated
/ 2/1
5
TENNESSEE TIMESHARE NEWEST EXAM 2025 -2026
\LATEST VERSION WITH UPDATED QUESTIONS AND
ACCURATE DETAILED ANSWERS \ASSURED PASS
ALREADY A+
A timeshare program may The project instruments and local governing laws
be created in any unit
unless expressly prohibited
by
The commission may Within or outside the state
initiate private
investigations:
Disclosure of rescission Contract and public offering statement
rights shall appeal in bold
face and conspicuous type
in the
2 years from the date of License expiration
issuance
Can fine you, suspend your Powers of the commission
license or refer you to a
court
If civil action is taken, 60 days
commission must act within
If buyer is on side and does 15 days to cancel contract
not see the property or
buys the property offsite
How long is the cancellation 10 or 15 days
period in TN/Rescission
What would keep a Bankruptcy or moral issues
1/1
5
, 7/2/25, 10:58 PM Tennessee Timeshare
developer from obtaining a
license
What are the terms of Executive director 4 years - commissioner of real estate
service for commissioners commission 5 years - commissioner of TN Human Rights 6 years
When is a public offering During resale
statement not required?
Before a timeshare is a Project
timeshare, it is a what?
You can not indicate that a Prize
prospective tour has won
a what?
Disclosure of everything Truth of lending
related to a loan must be a
stated in a what?
What makes a contract valid? An offer and acceptance, competent parties, legal purpose,
reality of consent, etc.
You can not misstate the Gift
value of what?
What is the cost for a $130
original license and
recovery fee?
What are some of the Honesty, 60 hrs of real estate education, 18 years or
prerequisites of licensing? older, must apply for license w/in 6 month of passing
exams, must not be on probation
On the federal level, the Federal Trade Commission
____________________ agenc
y
has taken the most active
regulating role relating to
sales marketing
In order for a DEED to be Consideration and the grantor having legal authority to execute
valid what must happen? DEED
The developer shall not Securities and Exchange Act of 1933 and Federal
be required to relate and Interstate Land Sales Full Disclosure Act
distribute a public
offering statement if the
developer has regulated
/ 2/1
5
