TN TIMESHARE EXAM QUESTIONS AND
ANSWERS 100% PASS
What can be a timeshare? - ANS Anything unless prohibited by another document or
regulation.
What is a project instrument? - ANS All documents associated with a timeshare.
What is the Tennessee Real Estate Commission (TREC)? - ANS The judicial body of the real
estate industry in Tennessee
Following discriminatory practices, you should make a complaint within ___ days - ANS 180
What is a timeshare a estate? - ANS Ownership or leasehold estate in property devoted to a
timeshare fee, tenants in common, time span ownership, and triple ownership and a timeshare
lease.
What is an acquisition agents? - ANS Licensed and attends directly to encourage any person
to attend a sales presentation for a timeshare program
What is an exchange agent? - ANS Agent for an exchange program
1 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED.
, What is a purchaser? - ANS Anyone who buys a timeshare
What is a sales agent? - ANS Person acting as a seller of any timeshare contract (only cylinder
specific timeshare developer) anyone who saw the timeshare
What is a person that sells more than five timeshares a year that are not their own? -
ANS Timeshare resale broker
What is a unit? - ANS Real property improvements in a project which is divided into
timeshare intervals
What is a managing agent? - ANS Person with management duties and responsibilities and
obligations
What are timeshare units? - ANS Timeshare units can be created in any unit unless expressly
prohibited by project and local governing laws
What should be included on the public offering statement? - ANS The public offering
statement should contain:
Name of county where property is located
Legal description of property
Identification of time periods by letter name and number
Common expenses and voting rights
Any restrictions on occupancy alterations or alienation of timeshare units
Ownership interest/maintenance provision/replacement
____ must be provided to each purchaser of a timeshare - ANS Public offering statement
2 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED.
ANSWERS 100% PASS
What can be a timeshare? - ANS Anything unless prohibited by another document or
regulation.
What is a project instrument? - ANS All documents associated with a timeshare.
What is the Tennessee Real Estate Commission (TREC)? - ANS The judicial body of the real
estate industry in Tennessee
Following discriminatory practices, you should make a complaint within ___ days - ANS 180
What is a timeshare a estate? - ANS Ownership or leasehold estate in property devoted to a
timeshare fee, tenants in common, time span ownership, and triple ownership and a timeshare
lease.
What is an acquisition agents? - ANS Licensed and attends directly to encourage any person
to attend a sales presentation for a timeshare program
What is an exchange agent? - ANS Agent for an exchange program
1 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED.
, What is a purchaser? - ANS Anyone who buys a timeshare
What is a sales agent? - ANS Person acting as a seller of any timeshare contract (only cylinder
specific timeshare developer) anyone who saw the timeshare
What is a person that sells more than five timeshares a year that are not their own? -
ANS Timeshare resale broker
What is a unit? - ANS Real property improvements in a project which is divided into
timeshare intervals
What is a managing agent? - ANS Person with management duties and responsibilities and
obligations
What are timeshare units? - ANS Timeshare units can be created in any unit unless expressly
prohibited by project and local governing laws
What should be included on the public offering statement? - ANS The public offering
statement should contain:
Name of county where property is located
Legal description of property
Identification of time periods by letter name and number
Common expenses and voting rights
Any restrictions on occupancy alterations or alienation of timeshare units
Ownership interest/maintenance provision/replacement
____ must be provided to each purchaser of a timeshare - ANS Public offering statement
2 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED.
