Timeshare solutions Study guides, Class notes & Summaries

Tennessee Timeshare License Exam With Complete Solutions 100% Verified What is an acquisition agent? - answerPeople who solicit others to attend a presentation When does your license expire? - answer2 years from the date of issuance What are the powers of the commission? - answerThe can fine you, suspend your license, or refer you to court. If your license is expired, how can you get reinstated? - answerRetake the test What is an escrow account? - answerDeposit for purchase into a bank ac...

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? correct answer: Deposit for purchase into a bank account Who is the d...

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? correct answer: Deposit for purchase into a bank account Who is the d...

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 Rights must appear in bold face print in the: correct answer: contract AND public offering statement Escrow account for Timeshare sale shall not be held by: correct answer: the developer...

Timeshare Solutions

"Unit" as used in NRS 119A means: a. A lot of any size b. The total timeshare unit c. That portion of a project which is designated for separate use d. A tract of land consisting of 15 acres or more correct answersThat portion of a project which is designated for separate use A timeshare resort having both whole unit owners and timeshare interest owners is referred to as: a. vacation destination resort b. tenancy in severalty resort c. timeshare trust d. mixed used resort cor...

TN timeshare study guide actual questions and answers with complete solution 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? 15 days If customer cancels purchase how long does the developer have to refund all the monies? 30 days If a public offering sta...

TN timeshare study guide actual questions and answers with complete solution 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? 15 days If customer cancels purchase how long does the developer have to refund all the monies? 30 days If a public offering sta...

Timeshare Financing – Questions With Complete Solutions

timeshare units can be created correct answer: In any unit unless prohibted 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 letter must be: correct answer: Signed and dated Disclosure of recession rights must appear in bold face print in the: correct answer: contract and public offering statement Escrow account for timeshare sale shall not be held by: correct answer: The developer W...