7/2/25, 10:51 PM TN Timeshare Exam Practice Test
TN Timeshare NEWEST EXAM 2025 -2026 \LATEST
VERSION WITH UPDATED QUESTIONS AND
ACCURATE DETAILED ANSWERS \ASSURED
PASS ALREADY A+
What is the Tennessee Real Judicial body of real estate industry in TN
Estate Commission?
Following discriminatory 180
practice, you should
make a complaint with
___________________ day
s.
Ownership or leasehold estate in property devoted to a
What is a timeshare estate?
timeshare fee, tenants in common, time span
ownership, interval ownership, and a time share lease.
Licensed and attempts directly to encourage any person
What is an acquisitions agent?
to attend a sales presentation for a timeshare
program
What is a purchaser? Anyone who buys timeshare
What is an exchange agent? An agent for an exchange program
Person acting as a seller of any Time Share contract
What is a sales agent?
(only sell under specific time share developer) Anyone
who sells timeshare.
What is a person that sells Timeshare resale broker
more than 5
timeshares a year that are not
their own?
/ 1/9
, 7/2/25, 10:38 PM
What is a unit?` Real property improvements in a project which is divided into
timeshare program.
Person with management duties and responsibilities and
What is a managing agent?
obligations of a timeshare program
What are timeshare units? Anything can be a timeshare unit unless expressly
(what can be a timeshare) prohibited by project instruments or local governing
laws
name of county where
property is located legal
description of property
What should be included in
ID of time periods by letter, name and number
the Public Offering ID of timeshare estates and how many units can
Statement? be a timeshare Common expenses and
voting rights
any restrictions on use occupancy alterations or
alienation of timeshare units ownership
interest/maintenance provisions/ replacement
____ must be provided to Public Offering statement
each purchaser of a
timeshare.
Must be provided to each purchaser of a timeshare .
When must you give a public
EXCEPTION: developer was registered and POS was
offering statement? What is
provided to a purchaser under Security and Exchange
the exception?
act etc.
When purchaser gives deposit money it is placed in an
What is an escrow of deposits?
account of an independent escrow company and held
100% during cancellation period. (must be insured)
All licensees must have Errors and Omissions
__________________ coverag
e.
In __ , the contract is voidable Mutual rights of cancellation, Public offering statements
by the
purchaser or the
developer until he has
received _ _.
In how many days must you 10 days, 15 days
cancel if you
had an onsite inspection? How
2/9
TN Timeshare NEWEST EXAM 2025 -2026 \LATEST
VERSION WITH UPDATED QUESTIONS AND
ACCURATE DETAILED ANSWERS \ASSURED
PASS ALREADY A+
What is the Tennessee Real Judicial body of real estate industry in TN
Estate Commission?
Following discriminatory 180
practice, you should
make a complaint with
___________________ day
s.
Ownership or leasehold estate in property devoted to a
What is a timeshare estate?
timeshare fee, tenants in common, time span
ownership, interval ownership, and a time share lease.
Licensed and attempts directly to encourage any person
What is an acquisitions agent?
to attend a sales presentation for a timeshare
program
What is a purchaser? Anyone who buys timeshare
What is an exchange agent? An agent for an exchange program
Person acting as a seller of any Time Share contract
What is a sales agent?
(only sell under specific time share developer) Anyone
who sells timeshare.
What is a person that sells Timeshare resale broker
more than 5
timeshares a year that are not
their own?
/ 1/9
, 7/2/25, 10:38 PM
What is a unit?` Real property improvements in a project which is divided into
timeshare program.
Person with management duties and responsibilities and
What is a managing agent?
obligations of a timeshare program
What are timeshare units? Anything can be a timeshare unit unless expressly
(what can be a timeshare) prohibited by project instruments or local governing
laws
name of county where
property is located legal
description of property
What should be included in
ID of time periods by letter, name and number
the Public Offering ID of timeshare estates and how many units can
Statement? be a timeshare Common expenses and
voting rights
any restrictions on use occupancy alterations or
alienation of timeshare units ownership
interest/maintenance provisions/ replacement
____ must be provided to Public Offering statement
each purchaser of a
timeshare.
Must be provided to each purchaser of a timeshare .
When must you give a public
EXCEPTION: developer was registered and POS was
offering statement? What is
provided to a purchaser under Security and Exchange
the exception?
act etc.
When purchaser gives deposit money it is placed in an
What is an escrow of deposits?
account of an independent escrow company and held
100% during cancellation period. (must be insured)
All licensees must have Errors and Omissions
__________________ coverag
e.
In __ , the contract is voidable Mutual rights of cancellation, Public offering statements
by the
purchaser or the
developer until he has
received _ _.
In how many days must you 10 days, 15 days
cancel if you
had an onsite inspection? How
2/9
