Tennessee Timeshare Pre-Licensing Study Guide 2024 with complete solution

Tennessee Timeshare Pre-Licensing Study Guide 2024 with complete solution TREC 1 FORM - answerthe form by which nearly all business with the commission is conducted after you become licensed. Transfer to new firm fee - answer$25 Change of status to RETIRED status fee - answer$25 Change of status to ACTIVE status fee - answer$25 Change of licensee name fee - answer$10 Change your address fee - answerNO CHARGE Change of firm name fee - answer$10 per form-one form per licensee Change of firm address fee - answer$50 Broker Change fee - answer$25 What is the Tennessee Real Estate Commission? - answerThe judicial body of the real estate industry in the state of Tennessee. 9 members: 3 from each grand division of the state 7 members from real estate industry 2 members from the general public Term of Service for the Executive director of Real Estate Commission appointment? - answer4 years Term of Service for Commissioners of Real Estate commission appointment? - answer5 years Term of Service for Commissioners on TN Human Rights Commission Appointment - answer6 years Who makes rules and regulations and enforces them? - answerThe Commission Who adopts, amends, and repeals rules, regulations and issue orders consistent with their objectives and the law? - answerThe Commission Who may prescribe forms and procedures for submitting info to the commission? - answerThe commission Who may accept grants to further their purpose? - answerThe commission Who may cooperate with agencies performing similar functions in other jurisdictions to develop uniform procedures and standard? - answerThe commison Who may have private investigations within or outside the state? - answerThe commission Who shall have the power to suspend or revoke the license of a firm, agent, or the registration of a developer or fine same accordingly? - answerThe commission Who may issue a cease and desist order if a developer has not registered a timeshare program? - answerThe commission Who may, after notice and hearing, revoke the registration of a timeshare development upon determination that a developer or agent of a developer has failed to comply with a notice suspension? - answerThe commission The employees of the Tennessee Real Estate Commission are? - answerThe Executive Director Full Time Director of Education w/ College Degree Administrator and other staff as deemed necessary. Currently including an attorney and 14 staff persons. Executive Director - answerappointed by the commission for a four year term. The executive director must have a broker's lice