TN Timeshare Exam Practice Test Questions
with Correct Answers 2025
WhatMisMtheMTennesseeMRealMEstateMCommission?M-MCORRECTMANSWERM-
JudicialMbodyMofMrealMestateMindustryMinMTN
FollowingMdiscriminatoryMpractice,MyouMshouldMmakeMaMcomplaintMwithM____Mdays.M-
MCORRECTMANSWERM-180
WhatMisMaMtimeshareMestate?M-MCORRECTMANSWERM-
OwnershipMorMleaseholdMestateMinMpropertyMdevotedMtoMaMtimeshareMfee,MtenantsMinMcommon,M
timeMspanMownership,MintervalMownership,MandMaMtimeMshareMlease.
WhatMisManMacquisitionsMagent?M-MCORRECTMANSWERM-
LicensedMandMattemptsMdirectlyMtoMencourageManyMpersonMtoMattendMaMsalesMpresentationMforMa
MtimeshareMprogram
WhatMisMaMpurchaser?M-MCORRECTMANSWERM-AnyoneMwhoMbuysMtimeshare
WhatMisManMexchangeMagent?M-MCORRECTMANSWERM-AnMagentMforManMexchangeMprogram
WhatMisMaMsalesMagent?M-MCORRECTMANSWERM-
PersonMactingMasMaMsellerMofManyMTimeMShareMcontractM(onlyMsellMunderMspecificMtimeMshareMdev
eloper)MAnyoneMwhoMsellsMtimeshare.
WhatMisMaMpersonMthatMsellsMmoreMthanM5MtimesharesMaMyearMthatMareMnotMtheirMown?M-
MCORRECTMANSWERM-TimeshareMresaleMbroker
, WhatMisMaMunit?`M-MCORRECTMANSWERM-
RealMpropertyMimprovementsMinMaMprojectMwhichMisMdividedMintoMtimeshareMprogram.
WhatMisMaMmanagingMagent?M-MCORRECTMANSWERM-
PersonMwithMmanagementMdutiesMandMresponsibilitiesMandMobligationsMofMaMtimeshareMprogram
WhatMareMtimeshareMunits?M(whatMcanMbeMaMtimeshare)M-MCORRECTMANSWERM-
AnythingMcanMbeMaMtimeshareMunitMunlessMexpresslyMprohibitedMbyMprojectMinstrumentsMorMlocal
MgoverningMlaws
WhatMshouldMbeMincludedMinMtheMPublicMOfferingMStatement?M-MCORRECTMANSWERM-
nameMofMcountyMwhereMpropertyMisMlocated
legalMdescriptionMofMpropertyM
IDMofMtimeMperiodsMbyMletter,MnameMandMnumber
IDMofMtimeshareMestatesMandMhowMmanyMunitsMcanMbeMaMtimeshare
CommonMexpensesMandMvotingMrightsM
anyMrestrictionsMonMuseMoccupancyMalterationsMorMalienationMofMtimeshareMunits
ownershipMinterest/maintenanceMprovisions/Mreplacement
____MmustMbeMprovidedMtoMeachMpurchaserMofMaMtimeshare.M-MCORRECTMANSWERM-
PublicMOfferingMstatement
WhenMmustMyouMgiveMaMpublicMofferingMstatement?MWhatMisMtheMexception?M-
MCORRECTMANSWERM-
MustMbeMprovidedMtoMeachMpurchaserMofMaMtimeshareM.MEXCEPTION:MdeveloperMwasMregisteredM
andMPOSMwasMprovidedMtoMaMpurchaserMunderMSecurityMandMExchangeMactMetc.
with Correct Answers 2025
WhatMisMtheMTennesseeMRealMEstateMCommission?M-MCORRECTMANSWERM-
JudicialMbodyMofMrealMestateMindustryMinMTN
FollowingMdiscriminatoryMpractice,MyouMshouldMmakeMaMcomplaintMwithM____Mdays.M-
MCORRECTMANSWERM-180
WhatMisMaMtimeshareMestate?M-MCORRECTMANSWERM-
OwnershipMorMleaseholdMestateMinMpropertyMdevotedMtoMaMtimeshareMfee,MtenantsMinMcommon,M
timeMspanMownership,MintervalMownership,MandMaMtimeMshareMlease.
WhatMisManMacquisitionsMagent?M-MCORRECTMANSWERM-
LicensedMandMattemptsMdirectlyMtoMencourageManyMpersonMtoMattendMaMsalesMpresentationMforMa
MtimeshareMprogram
WhatMisMaMpurchaser?M-MCORRECTMANSWERM-AnyoneMwhoMbuysMtimeshare
WhatMisManMexchangeMagent?M-MCORRECTMANSWERM-AnMagentMforManMexchangeMprogram
WhatMisMaMsalesMagent?M-MCORRECTMANSWERM-
PersonMactingMasMaMsellerMofManyMTimeMShareMcontractM(onlyMsellMunderMspecificMtimeMshareMdev
eloper)MAnyoneMwhoMsellsMtimeshare.
WhatMisMaMpersonMthatMsellsMmoreMthanM5MtimesharesMaMyearMthatMareMnotMtheirMown?M-
MCORRECTMANSWERM-TimeshareMresaleMbroker
, WhatMisMaMunit?`M-MCORRECTMANSWERM-
RealMpropertyMimprovementsMinMaMprojectMwhichMisMdividedMintoMtimeshareMprogram.
WhatMisMaMmanagingMagent?M-MCORRECTMANSWERM-
PersonMwithMmanagementMdutiesMandMresponsibilitiesMandMobligationsMofMaMtimeshareMprogram
WhatMareMtimeshareMunits?M(whatMcanMbeMaMtimeshare)M-MCORRECTMANSWERM-
AnythingMcanMbeMaMtimeshareMunitMunlessMexpresslyMprohibitedMbyMprojectMinstrumentsMorMlocal
MgoverningMlaws
WhatMshouldMbeMincludedMinMtheMPublicMOfferingMStatement?M-MCORRECTMANSWERM-
nameMofMcountyMwhereMpropertyMisMlocated
legalMdescriptionMofMpropertyM
IDMofMtimeMperiodsMbyMletter,MnameMandMnumber
IDMofMtimeshareMestatesMandMhowMmanyMunitsMcanMbeMaMtimeshare
CommonMexpensesMandMvotingMrightsM
anyMrestrictionsMonMuseMoccupancyMalterationsMorMalienationMofMtimeshareMunits
ownershipMinterest/maintenanceMprovisions/Mreplacement
____MmustMbeMprovidedMtoMeachMpurchaserMofMaMtimeshare.M-MCORRECTMANSWERM-
PublicMOfferingMstatement
WhenMmustMyouMgiveMaMpublicMofferingMstatement?MWhatMisMtheMexception?M-
MCORRECTMANSWERM-
MustMbeMprovidedMtoMeachMpurchaserMofMaMtimeshareM.MEXCEPTION:MdeveloperMwasMregisteredM
andMPOSMwasMprovidedMtoMaMpurchaserMunderMSecurityMandMExchangeMactMetc.
