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TN Timeshare Exam Practice Test questions with correct answers

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TN Timeshare Exam Practice Test questions with correct answers What is the Tennessee Real Estate Commission? -Correct Answer-Judicial body of real estate industry in TN Following discriminatory practice, you should make a complaint with ____ days. -Correct Answer-180 What is a timeshare estate? -Correct Answer-Ownership or leasehold estate in property devoted to a timeshare fee, tenants in common, time span ownership, interval ownership, and a time share lease. What is an acquisitions agent? -Correct Answer-Licensed and attempts directly to encourage any person to attend a sales presentation for a timeshare program What is a purchaser? -Correct Answer-Anyone who buys timeshare What is an exchange agent? -Correct Answer-An agent for an exchange program What is a sales agent? -Correct Answer-Person acting as a seller of any Time Share contract (only sell under specific time share developer) Anyone who sells timeshare. What is a person that sells more than 5 timeshares a year that are not their own? -Correct Answer-Timeshare resale broker What is a unit?` -Correct Answer-Real property improvements in a project which is divided into timeshare program. What is a managing agent? -Correct Answer-Person with management duties and responsibilities and obligations of a timeshare program What are timeshare units? (what can be a timeshare) -Correct Answer-Anything can be a timeshare unit unless expressly prohibited by project instruments or local governing laws

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  • what is the tennessee real estate commission
  • following discriminatory practice you should make
  • what is a person that sells more than 5 timeshares

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