Tennessee Timeshare License Exam With Complete Solutions 100% Verified

Tennessee Timeshare License Exam With Complete Solutions 100% Verified What is an acquisition agent? - answerPeople who solicit others to attend a presentation When does your license expire? - answer2 years from the date of issuance What are the powers of the commission? - answerThe can fine you, suspend your license, or refer you to court. If your license is expired, how can you get reinstated? - answerRetake the test What is an escrow account? - answerDeposit for purchase into a bank account Who is the developer and can they be refused a license? - answerThe person or entity which is in the business of creating or selling any timeshare program What is the project? - answerThe developement What is an exchange agent? - answerRCI What can be a timeshare? - answerAnything unless it is prohibited by other documents What is a project instrument? - answerAll documents associated with the timeshare If the property is not a timeshare, what is it? - answerA rental or whole ownership When do we present the public offering statement? - answerThe first thing in the closing, it must contain the rescission statement in it. What is the rescission/cancellation period in TN? - answer10 or 15 days How long does one have to submit a complaint if they feel they have been discriminated against? - answer180 days How long do you have to spend as an affiliate broker before you can apply for a broker license? - answerThree Years What is errors and ommision insurance? Who has to have it? - answerAll agents must have insurance to protect them against inadequate or negative acti