tn timeshare bundled exams 2023 with correct answers

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, tenants in c...

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 appear in bo...

If there is a complaint against licensee, they must answer in how many days? 10 days If a customer sees a timeshare and buys it how long do they have to cancel the purchase? 10 days If the customer does not see the time share and buys it how long do they have to cancel the purchase? ...

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 Tennessee Foll...

How long is a TSA license valid for? 2 years If a timeshare AGENT initially becomes licensed on June 6, 2000, when will the license expire? June 30, 2002 (end of the month - 2 years later) If a timeshare REPRESENTATIVE initially becomes licensed on June 6, 2009, when will the license...

What is the Tennessee Real Estate Commission? The judicial body of the real estate industry in the state of Tennessee. Tennessee Real Estate Commission ∙ Nine members: 3 from each grand division of the state. ∙ 7 from the real estate industry ∙ 2 from the general public $15,0...

What is the Tennessee Real Estate Commission (TREC)? The Judicial Body of the Real Estate industry in Tennessee Following discriminatory practice, you should make complaint within ________ Days 180 What is a time share estate? Ownership or leasehold estate in property devoted to a t...

Appurtenant A homeowner has negotiated with a neighbor to obtain the permanent right to pass over the northern part of the neighbor's land to gain access to the river. He pays the neighbor $9,000 for the right of access and receives a deed. This is an easement A legal easement can be create...

Do you have to be a resident of the state to be licensed with TREC? Yes How far ahead can you indicate a price increase? No more than 6 months Can you misstate the value of a gift? No Can you indicate that a prospective tour has won a prize? No Before a timeshare is a...

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 Administrati...

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 original b...