Answers.
4. What is an acquisi- tions agent?
1. What is the Ten-
nessee Real
Estate
Commission?
2. Following
discrimi- natory
practice, you
should make a
com- plaint with
days.
3. What is a
timeshare
estate?
, TN Timeshare Exam Prep – Practice Questions &
Answers.
Judicial body of real estate
industry in TN
Ownership or leasehold estate in property devoted to a timeshare
fee, tenants in common, time span ownership, interval ownership,
and a time share lease.
180
Licensed and attempts directly to encourage any person to attend
a sales presentation for a timeshare program
5. What is a purchaser? Anyone who buys timeshare
6. What is an An agent for an exchange program
exchange agent?
7. What is a Person acting as a seller of any Time Share contract (only sell under
sales agent? specific time share developer) Anyone who sells timeshare.
8. What is a person Timeshare resale broker
that sells more
than 5
timeshares a
year that are not
their own?
9. What is a unit?` Real property improvements in a project which is divided into
timeshare
program.
10.
, TN Timeshare Exam Prep – Practice Questions &
Answers.
What is a managingPerson with management duties and responsibilities and obligations of a
agent? timeshare program
11. What are Anything can be a timeshare unit unless expressly prohibited by project
timeshare
units? (what can be a instruments or local governing laws
timeshare)
12. What should be 16. All licensees must have cov- erage.
in- cluded in the
Public Offering
Statement?
13. must be
provid- ed to each
purchaser of a
timeshare.
14. When must you
give a public
offering
statement? What
is the exception?
15. What is an escrow
of deposits?