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TN TIMESHARE EXAM || QUESTIONS AND 100%
CORRECT ANSWERS ALREADY GRADED A+
LATEST AND COMPLETE VERSION WITH
VERIFIED SOLUTIONS || GUARANTEED PASS!!
What can be a timeshare? - ANSWER: Anything unless prohibited by another
document or regulation.
What is a project instrument? - ANSWER: All documents associated with a
timeshare.
What is the Tennessee Real Estate Commission (TREC)? - ANSWER: The
judicial body of the real estate industry in Tennessee
Following discriminatory practices, you should make a complaint within ___ days
- ANSWER: 180
What is a timeshare a estate? - ANSWER: Ownership or leasehold estate in
property devoted to a timeshare fee, tenants in common, time span ownership, and
triple ownership and a timeshare lease.
What is an acquisition agents? - ANSWER: Licensed and attends directly to
encourage any person to attend a sales presentation for a timeshare program
What is an exchange agent? - ANSWER: Agent for an exchange program
What is a purchaser? - ANSWER: Anyone who buys a timeshare
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What is a sales agent? - ANSWER: Person acting as a seller of any timeshare
contract (only cylinder specific timeshare developer) anyone who saw the
timeshare
What is a person that sells more than five timeshares a year that are not their own?
- ANSWER: Timeshare resale broker
What is a unit? - ANSWER: Real property improvements in a project which is
divided into timeshare intervals
What is a managing agent? - ANSWER: Person with management duties and
responsibilities and obligations
What are timeshare units? - ANSWER: Timeshare units can be created in any unit
unless expressly prohibited by project and local governing laws
What should be included on the public offering statement? - ANSWER: The
public offering statement should contain:
Name of county where property is located
Legal description of property
Identification of time periods by letter name and number
Common expenses and voting rights
Any restrictions on occupancy alterations or alienation of timeshare units
Ownership interest/maintenance provision/replacement
____ must be provided to each purchaser of a timeshare - ANSWER: Public
offering statement
TN TIMESHARE EXAM || QUESTIONS AND 100%
CORRECT ANSWERS ALREADY GRADED A+
LATEST AND COMPLETE VERSION WITH
VERIFIED SOLUTIONS || GUARANTEED PASS!!
What can be a timeshare? - ANSWER: Anything unless prohibited by another
document or regulation.
What is a project instrument? - ANSWER: All documents associated with a
timeshare.
What is the Tennessee Real Estate Commission (TREC)? - ANSWER: The
judicial body of the real estate industry in Tennessee
Following discriminatory practices, you should make a complaint within ___ days
- ANSWER: 180
What is a timeshare a estate? - ANSWER: Ownership or leasehold estate in
property devoted to a timeshare fee, tenants in common, time span ownership, and
triple ownership and a timeshare lease.
What is an acquisition agents? - ANSWER: Licensed and attends directly to
encourage any person to attend a sales presentation for a timeshare program
What is an exchange agent? - ANSWER: Agent for an exchange program
What is a purchaser? - ANSWER: Anyone who buys a timeshare
, 2|Page
What is a sales agent? - ANSWER: Person acting as a seller of any timeshare
contract (only cylinder specific timeshare developer) anyone who saw the
timeshare
What is a person that sells more than five timeshares a year that are not their own?
- ANSWER: Timeshare resale broker
What is a unit? - ANSWER: Real property improvements in a project which is
divided into timeshare intervals
What is a managing agent? - ANSWER: Person with management duties and
responsibilities and obligations
What are timeshare units? - ANSWER: Timeshare units can be created in any unit
unless expressly prohibited by project and local governing laws
What should be included on the public offering statement? - ANSWER: The
public offering statement should contain:
Name of county where property is located
Legal description of property
Identification of time periods by letter name and number
Common expenses and voting rights
Any restrictions on occupancy alterations or alienation of timeshare units
Ownership interest/maintenance provision/replacement
____ must be provided to each purchaser of a timeshare - ANSWER: Public
offering statement
