Tennessee Timeshare Test! Questions & Answers Already Passed!!

acquisition agent - Answer-people who solicit others to attend a presentation license expire - Answer-2 years from the issued date powers of the commission - Answer-can fine you, suspend your license, or refer you to court reinstatement for expired license - Answer-retake the test escrow account - Answer-deposit for purchase into a bank account developer - Answer-person/entity in the business of creating or selling any timeshare program the project - Answer-the development exchange agent - Answer-RCl timeshare - Answer-anything unless it is prohibited by other documents rental or whole ownership - Answer-if the property is not a timeshare it is a public offering statement presentation - Answer-first thing in the closing, must contain the rescission statement in it rescission/cancellation period in TN - Answer-10 or 15 days discrimination complaint - Answer-180 days to submit a broker license - Answer-you must spend three years as an affiliate broker before you can apply for aerrors and omission insurance - Answer-all agents must have this to protect them against inadequate or negative actions license - Answer-you can apply for up to 6 months for your I am - Answer-who is responsible for renewing your license property value - Answer-what doesn't have to be in the truth and lending statement/public offering statement misleading - Answer-in advertising, any statement, action, or liam which is untrue 72 hours - Answer-you give guests the gifts or cash equivalent if they haven't received their gifts after anything in writing - Answer-what can be guaranteed to a purchaser tenants in common - Answer-multiple owners