TENNESSEE TIMESHARE PACKAGE DEAL

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...

The judicial body of the real estate industry in the state of Tennessee. - ️️What is the 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 - ️️Tennessee Real Estate Commission ...

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 purc...

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...

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 cre...

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 l...

1: THERE ARE NORMALLY THREE METHODS OF SCHEDULING FRACTIONAL OWNERSHIP. WHICH OF THE FOLLOWING WOULD BE CHARACTERISTICS OF FLOATING WEEKS OF FIXED ROTATIONS? - ️️PACKAGE OF WEEKS THAT VARY FROM YEAR TO YEAR 2: THERE ARE NORMALLY THREE METHODS OF SCHEDULING FRACTIONAL OWNERSHIP. WHICH OF THE F...

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 ...

Acquisition agent - ️️Requires a special acquisition agent license which allows the agent to solicit and encourage people to attend special presentations for a timeshare program. This solicitation must be done off-site from the timeshare location; (gathers people for timeshare presentation) A...