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Tennessee Timeshare License Exam Questions & Answers Already Graded A+ $7.99   Add to cart

Exam (elaborations)

Tennessee Timeshare License Exam Questions & Answers Already Graded A+

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  • Course
  • Tennessee Timeshare License
  • Institution
  • Tennessee Timeshare License

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) Who is the developer and can they be refused a license? - ️️The person or entity which is in the b...

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  • November 11, 2024
  • 4
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Tennessee Timeshare License
  • Tennessee Timeshare License
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ACADEMICMATERIALS
Tennessee Timeshare License Exam
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)

Who is the developer and can they be refused a license? - ✔️✔️The person or entity
which is in the business of creating or selling any timeshare program

In advertising, what does misleading mean? - ✔️✔️Any statement action or laim which
is untrue

What is an acquisition agent? - ✔️✔️People who solicit others to attend a presentation

When does your license expire? - ✔️✔️2 years from the date of issuance

What are the powers of the commission? - ✔️✔️The can fine you, suspend your
license, or refer you to court.

If your license is expired, how can you get reinstated? - ✔️✔️Retake the test

What is an escrow account? - ✔️✔️Deposit for purchase into a bank account


What is the project? - ✔️✔️The developement

What is an exchange agent? - ✔️✔️RCI

What can be a timeshare? - ✔️✔️Anything unless it is prohibited by other documents

What is a project instrument? - ✔️✔️All documents associated with the timeshare

If the property is not a timeshare, what is it? - ✔️✔️A rental or whole ownership

When do we present the public offering statement? - ✔️✔️The first thing in the closing,
it must contain the rescission statement in it.

What is the rescission/cancellation period in TN? - ✔️✔️10 or 15 days

How long does one have to submit a complaint if they feel they have been discriminated
against? - ✔️✔️180 days

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