Tennessee Bundle Package

What is the Tennessee Real Estate Commission? - ️️Judicial body of real estate industry in TN Following discriminatory practice, you should make a complaint with ____ days. - ️️180 What is a timeshare estate? - ️️Ownership or leasehold estate in property devoted to a timeshare fee,...

Timeshare units can be created: - ️️in any unit unless prohibited by local laws Receipt of Public Offering Statement shall take place no later than: - ️️Date of sale To be valid, a Public Offering Statement must be: - ️️signed and dated Disclosure of Recession of Rights must app...

What can be a timeshare? - ️️Anything unless prohibited by another document or regulation. What is a project instrument? - ️️All documents associated with a timeshare. What is the Tennessee Real Estate Commission (TREC)? - ️️The judicial body of the real estate industry in Tennesse...

Regulatory Powers - ️️Enable the agency to pass specific regulations and rules to support the administration of the license law Judicial Powers - ️️Enable it to conduct hearings and investigations into the activities of licensees and to rule on license suspensions or revocations Admini...

The terms of the _______ determine who receives the earnest money. - ️️contract Woody wanted to work for the new broker in town, so he filed the paperwork necessary to affiliate with a new broker. What will happen to his three listings and two buyer clients? - ️️They remain with Woody's ...

How many of the members of the Commission may come from the real estate industry? - ️️7 Which rule applies to the appointment of a full-time director of education? - ️️The person must be a college graduate. What is the purpose of The Real Estate Act? - ️️To protect the public again...

TREC can hold as many meetings as it deems necessary throughout the year, but it must have a minimum of three meetings. Where must these meetings take place? - ️️One in each, West, middle, east division Gideon is planning to run a full-page ad in the Knoxville newspaper to promote his open ho...

In Tennessee, what's the minimum age to earn a real estate license? 16 18 21 25 - ️️18 Which of the following is the most accurate definition of the word "creed"? A disability A national culture A set of beliefs A system of racial categorization - ️️A set of beliefs TREC...

When an earnest money check is deposited, what information does Tennessee require be recorded and maintained? - ️️Who provided the funds (the depositor) A principal broker in Tennessee is required ______ for all transactions in which affiliated licensees participate. - ️️Review and approv...