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Tennessee Timeshare Test UPDATED Exam Questions and CORRECT Answers $9.99
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Exam (elaborations)

Tennessee Timeshare Test UPDATED Exam Questions and CORRECT Answers

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  • Course
  • Timeshare sales
  • Institution
  • Timeshare Sales

Tennessee Timeshare Test UPDATED Exam Questions and CORRECT Answers acquisition agent - CORRECT ANSWER - people who solicit others to attend a presentation license expire - CORRECT ANSWER - 2 years from the issued date powers of the commission - CORRECT ANSWER - can fine you, suspend your lic...

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  • January 20, 2025
  • 7
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Timeshare sales
  • Timeshare sales
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MGRADES
Tennessee Timeshare Test UPDATED Exam
Questions and CORRECT Answers
acquisition agent - CORRECT ANSWER - people who solicit others to attend a
presentation


license expire - CORRECT ANSWER - 2 years from the issued date



powers of the commission - CORRECT ANSWER - can fine you, suspend your license, or
refer you to court


reinstatement for expired license - CORRECT ANSWER - retake the test



escrow account - CORRECT ANSWER - deposit for purchase into a bank account



developer - CORRECT ANSWER - person/entity in the business of creating or selling any
timeshare program


the project - CORRECT ANSWER - the development



exchange agent - CORRECT ANSWER - RCl



timeshare - CORRECT ANSWER - anything unless it is prohibited by other documents



rental or whole ownership - CORRECT ANSWER - if the property is not a timeshare it is
a


public offering statement presentation - CORRECT ANSWER - first thing in the closing,
must contain the rescission statement in it

, rescission/cancellation period in TN - CORRECT ANSWER - 10 or 15 days



discrimination complaint - CORRECT ANSWER - 180 days to submit a



broker license - CORRECT ANSWER - you must spend three years as an affiliate broker
before you can apply for a


errors and omission insurance - CORRECT ANSWER - all agents must have this to
protect them against inadequate or negative actions


license - CORRECT ANSWER - you can apply for up to 6 months for your



I am - CORRECT ANSWER - who is responsible for renewing your license



property value - CORRECT ANSWER - what doesn't have to be in the truth and lending
statement/public offering statement


misleading - CORRECT ANSWER - in advertising, any statement, action, or liam which is
untrue


72 hours - CORRECT ANSWER - you give guests the gifts or cash equivalent if they
haven't received their gifts after


anything in writing - CORRECT ANSWER - what can be guaranteed to a purchaser



tenants in common - CORRECT ANSWER - multiple owners

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