Timeshare solutions Study guides, Class notes & Summaries

The judicial body of the real estate industry in the state of Tennessee. correct answer: 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 correct answer: Tennessee Real Estate Commission What are the liability limits of the R.E. Education and Recovery Account correct answer: $15,000/ trans or $30,000 for the duration of any licensees career Who has custody and c...

Tennessee Timeshare License Exam Questions with Complete Solutions What is an acquisition agent? - Correct Answer People who solicit others to attend a presentation When does your license expire? - Correct Answer 2 years from the date of issuance What are the powers of the commission? - Correct Answer The can fine you, suspend your license, or refer you to court. If your license is expired, how can you get reinstated? - Correct Answer Retake the test What is an escrow account? - Cor...

Tennessee Timeshare Practice Exam with Complete Solutions 100% Verified 2024/2025 Timeshare units can be created: - Correct Answer in any unit unless prohibited by local laws Receipt of Public Offering Statement shall take place no later than: - Correct Answer Date of sale To be valid, a Public Offering Statement must be: - Correct Answer signed and dated Disclosure of Recession of Rights must appear in bold face print in the: - Correct Answer contract and public offering statement ...

Nevada Timeshare License Practice Questions with complete solution The sale of timeshare interests in the State of Nevada is regulated under the provisions of: -Correct Answer-NRS 119a The law that regulates real estate in Nevada is: -Correct Answer-NRS 645 Who appoints the Administrator of the Real Estate Division? -Correct Answer-The Director of the Department of Business and Industry Who appoints the Director of the Department of Business and Industry? -Correct Answer-Governor Wh...

Appurtenant correct answer: 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 created by any of the following EXCEPT correct answer: definition within a deed. A license. correct answer: A homeowner is willing to let his neighbor park an RV in his backyard. He does NO...

Timeshare License Exam Questions and Answers 2024 with complete solution How long is a TSA license valid for? - Answer ️️ -2 years If a timeshare AGENT initially becomes licensed on June 6, 2000, when will the license expire? - Answer ️️ -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 expire? - Answer ️️ -June 30, 2010 (end of the month - 1 year later) An applicant for an original...

Timeshare License Exam Questions and Answers 2024 with complete solution 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 expire? June 30, 2010 (end of the month - 1 year later) An applicant for an original timeshare license MUST provide: An applicatio...

What is the Tennessee Real Estate Commission? correct answer: Judicial body of real estate industry in TN Following discriminatory practice, you should make a complaint with ____ days. correct answer: 180 What is a timeshare estate? correct answer: Ownership or leasehold estate in property devoted to a timeshare fee, tenants in common, time span ownership, interval ownership, and a time share lease. What is an acquisitions agent? correct answer: Licensed and attempts directly to enc...

What is the Tennessee Real Estate Commission (TREC)? correct answer: The Judicial Body of the Real Estate industry in Tennessee Following discriminatory practice, you should make complaint within ________ Days correct answer: 180 What is a time share estate? correct answer: Ownership or leasehold estate in property devoted to a time-share fee, tenants in common, time span ownership, interval ownership, and a time share lease. What is an acquisition agent? correct answer: Licensed an...

TN timeshare study guide actual questions and answers with complete solution