Tennessee Timeshare License Exam
2024|100% solved | Questions and Correct
Answers (Verified Answers) | A Grade
If your boss tells you to sell to women only, and you comply, what are you guilty of? -
✔✔A variety of discriminatory actions
When is a public offering statement not required? - ✔✔During resale
Before a timeshare is a timeshare, what is it? - ✔✔A project
Can you indicated that a prospective tour has won a prize? - ✔✔NO
Can you misstate the value of a gift? - ✔✔NO
What must be stated in a Truth of Lending? - ✔✔Disclosure of everything related to a loan
What must be there for a contract to be valid? - ✔✔- Offer and acceptance
, - value consideration
- competent parties
- legal purpose
- reality of consent (not on drugs or undue unfluence)
What is the original license fee? - ✔✔$130
- 100 for license
- 30 for education and recovery fee
What is the renewal license fee? - ✔✔$80
What are the Pre-Requisites of licensing? - ✔✔-Honesty
-60 hours of real estate edu
-18 y/o
-must apply for license within 6 months of passing
exam -must not be on probation
Who makes up the Tennessee Real Estate Commission? - ✔✔9 members
- 3 from each grand division of state
- 7 real estate agents
-2 from general public
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