TN TIMESHARE EXAM PRACTICE TEST Accurate
Verified Questions & Answers| 2025-2026
The Tennessee Real Estate Commission (TREC) & Its Powers
What is the Tennessee Real Estate Commission?
-Solution: The judicial body of the real estate industry in
Tennessee. Its purpose is to protect the public health, safety, and
welfare through the regulation of real estate professionals,
including timeshare salespersons.
What are the powers of the Real Estate Commission?
-Solution: They can fine licensees, suspend or revoke licenses,
and refer individuals to a court of law. Their investigators can
inspect records during business hours, and they can even close a
development. The commission forms its rules in accordance with
the Tennessee Code Annotated.
How many members are on the Real Estate Commission?
-Solution: 9. Members serve a term of 5 years.
Who appoints the members of TREC?
-Solution: The Governor. Three members are appointed from each
of the state's three Grand Divisions: East, Middle, and West.
Who has custody and charge of the Seal?
-Solution: The commission's Executive Director.
Licensing and Affiliation
What are the prerequisites for licensing?
-Solution: An applicant must be honest, at least 18 years of age, a
resident of the state, and have no criminal record or be on
probation.
What is the minimum passing score on the exam?
, -Solution: 70%. An applicant who has passed the exam within the
last 6 months is not automatically guaranteed a license. You have
6 months after passing the test to apply for a license before you
must re-test.
How long does a license last?
-Solution: 2 years less one day from the date of issue. The
licensee is responsible for ensuring their license is renewed.
How do you get reinstated if you let your license expire?
-Solution: The penalty is $50 per month for the first two months,
then $100 per month up to six months. After six months, you must
retake the test.
What is the original license fee?
-Solution: $100 plus $30 for the education and recovery fee.
Who can pay a licensee commission?
-Solution: Only the broker. Commissions are negotiated, never
fixed.
What is the fee to move your license or put it in retirement?
-Solution: $25. There is no fee to change your address.
What must be prominently displayed in the broker's principal place
of business?
-Solution: All licenses.
Timeshare Definitions & Legal Concepts
What is a timeshare estate?
-Solution: An ownership or leasehold estate in property devoted to
a timeshare program. This includes timeshare fees, tenancy in
common, and time-span ownership.
What is a timeshare resale broker?
Verified Questions & Answers| 2025-2026
The Tennessee Real Estate Commission (TREC) & Its Powers
What is the Tennessee Real Estate Commission?
-Solution: The judicial body of the real estate industry in
Tennessee. Its purpose is to protect the public health, safety, and
welfare through the regulation of real estate professionals,
including timeshare salespersons.
What are the powers of the Real Estate Commission?
-Solution: They can fine licensees, suspend or revoke licenses,
and refer individuals to a court of law. Their investigators can
inspect records during business hours, and they can even close a
development. The commission forms its rules in accordance with
the Tennessee Code Annotated.
How many members are on the Real Estate Commission?
-Solution: 9. Members serve a term of 5 years.
Who appoints the members of TREC?
-Solution: The Governor. Three members are appointed from each
of the state's three Grand Divisions: East, Middle, and West.
Who has custody and charge of the Seal?
-Solution: The commission's Executive Director.
Licensing and Affiliation
What are the prerequisites for licensing?
-Solution: An applicant must be honest, at least 18 years of age, a
resident of the state, and have no criminal record or be on
probation.
What is the minimum passing score on the exam?
, -Solution: 70%. An applicant who has passed the exam within the
last 6 months is not automatically guaranteed a license. You have
6 months after passing the test to apply for a license before you
must re-test.
How long does a license last?
-Solution: 2 years less one day from the date of issue. The
licensee is responsible for ensuring their license is renewed.
How do you get reinstated if you let your license expire?
-Solution: The penalty is $50 per month for the first two months,
then $100 per month up to six months. After six months, you must
retake the test.
What is the original license fee?
-Solution: $100 plus $30 for the education and recovery fee.
Who can pay a licensee commission?
-Solution: Only the broker. Commissions are negotiated, never
fixed.
What is the fee to move your license or put it in retirement?
-Solution: $25. There is no fee to change your address.
What must be prominently displayed in the broker's principal place
of business?
-Solution: All licenses.
Timeshare Definitions & Legal Concepts
What is a timeshare estate?
-Solution: An ownership or leasehold estate in property devoted to
a timeshare program. This includes timeshare fees, tenancy in
common, and time-span ownership.
What is a timeshare resale broker?
