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Exam (elaborations)

TENNESSEE EXAM PREP QUESTIONS WITH COMPLETE ANSWERS

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TENNESSEE EXAM PREP QUESTIONS WITH COMPLETE ANSWERS

Institution
Tennessee Timeshare License
Course
Tennessee Timeshare License











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Written for

Institution
Tennessee Timeshare License
Course
Tennessee Timeshare License

Document information

Uploaded on
April 21, 2025
Number of pages
37
Written in
2024/2025
Type
Exam (elaborations)
Contains
Questions & answers

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, 1 of 47

Term



Timeshare


A timeshare property is one in which there's a multiple shared
ownership or multiple shared use situation with a piece of real estate.
Timeshare ownership can take several forms:


______ ______: Buyers agree to a one-time purchase price and an annual
maintenance fee



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Timeshare estate Campground membership




Investors Vacation ownership


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2 of 47

Term



Timeshare


In situations where the buyer has made an on-site inspection of the

,timeshare project, the buyer has ____ days after signing to rescind the
contract.

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timeshare salesperson 10




30; four No


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3 of 47

Term



Commercial/Industrial Real Estate


Commercial tenants are managed under different rules than residential
tenants. _____ _____ are the primary method of defining things like security
deposits, rents, and building regulations.



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Rental agreements Sales contracts




Property deeds Lease terms

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4 of 47

Term



Timeshare


Timeshare ownership facts to note


_____ _____ ownership for a vacation timeshare works in the same way as
other types of real estate: Ownership can be enjoyed, sold, or passed
down to heirs.



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Leasehold interest Joint tenancy




Time-limited ownership Fee simple


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5 of 47

Term

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