Timeshare industry exam 1 - Study guides, Class notes & Summaries
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NMLS EXAM 1 Questions with solutions 2024
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NMLS EXAM 1 Questions with solutions 2024 
1) Mortgage loan fraud is reported at what level? 
A. State 
B. Federal 
C. County 
D. City 
B. Mortgage Fraud is reported to the FBI and to HUD ( 
 
The United States Department of Housing and Urban Development is a Cabinet department in the executive branch of the U.S. federal government) 
 
 
 
2) Title V of the Housing and Economic Recovery Act (HERA) of 2008 is best known as: 
A. The SAFE Act 
B. RESPA 
C. TILA 
D. CRA 
A. S.A.F.E --The complete na...
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TN Timeshare Exam Practice Test Questions and Answers Rated A+
- Exam (elaborations) • 15 pages • 2023
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TN Timeshare Exam Practice Test Questions and Answers Rated A+ 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, tenants in common, time span ownership, interval ownership, and a time share lease. 
What is an acquisitions agent? Licensed and attempts directly to encourage any ...
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TN Timeshare Exam Practice Test Questions and Answers Rated A+
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TN Timeshare Exam Practice Test Questions and Answers Rated A+ 
 
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, tenants in common, time span ownership, interval ownership, and a time share lease. 
What is an acquisitions agent? 
Licensed and attempts directly to encoura...
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TN Timeshare Exam Practice Test Questions and Answers Rated A+
- Exam (elaborations) • 6 pages • 2024
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- $9.98
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TN Timeshare Exam Practice Test Questions and Answers Rated A+ 
 
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, tenants in common, time span ownership, interval ownership, and a time share lease. 
What is an acquisitions agent? 
Licensed and attempts directly to encoura...
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Chapter 1 Montana License Law exam fully solved & updated
- Exam (elaborations) • 26 pages • 2024
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The Board Of Realty Regulation Consists of how many members and how are the members appointed? - answer-7 members and are appointed by the governor 
 
What are the Civil and Criminal Penalties for those engaging in real estate without a license? - answer-Guilty of a misdemeanor 
First Offense will be fined b/t $100-$500 or imprisoned for 90 days or BOTH 
Subsequent Offense will be fined b/t $500-$2,000 or imprisoned for 6 months or BOTH 
 
What is the Real Estate Recovery Account? - answer--Wit...
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Tennessee Timeshare Pre-Licensing Study Guide
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Tennessee Timeshare Pre-Licensing Study Guide 
 
TREC 1 FORM 
the form by which nearly all business with the commission is conducted after you become licensed. 
Transfer to new firm fee 
$25 
Change of status to RETIRED status fee 
$25 
Change of status to ACTIVE status fee 
$25 
Change of licensee name fee 
$10 
Change your address fee 
NO CHARGE 
Change of firm name fee 
$10 per form-one form per licensee 
Change of firm address fee 
$50 
Broker Change fee 
$25 
What is the Tennessee Real Esta...
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B-1 ASREB Exam prep (gray packet) Solved Correctly!!
- Exam (elaborations) • 9 pages • 2024
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B-1 ASREB Exam prep (gray packet) Solved Correctly!! 
 
A subdivider employés hostesses to show houses. The hostesses explain the features of the homes and gave the prices and terms. In this scenario: 
 
a. Only the sales broker needs to be licensed 
b. Hostesses are employees only and need not be licensed 
c. The hostesses must be licensed 
d. As long as they do not accept deposits and do not write up sales, the hostesses need not be licensed 
c. The hostesses must be licensed 
A timeshare wou...
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B-1 ASREB Exam prep (gray packet) Solved Correctly!!
- Exam (elaborations) • 9 pages • 2023
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- $9.49
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B-1 ASREB Exam prep (gray packet) Solved Correctly!! 
 
A subdivider employés hostesses to show houses. The hostesses explain the features of the homes and gave the prices and terms. In this scenario: 
 
a. Only the sales broker needs to be licensed 
b. Hostesses are employees only and need not be licensed 
c. The hostesses must be licensed 
d. As long as they do not accept deposits and do not write up sales, the hostesses need not be licensed 
c. The hostesses must be licensed 
A timeshare wou...
-
B-1 ASREB Exam prep (gray packet) Solved Correctly!!
- Exam (elaborations) • 9 pages • 2024
-
- $6.99
- + learn more
B-1 ASREB Exam prep (gray packet) Solved Correctly!! 
 
A subdivider employés hostesses to show houses. The hostesses explain the features of the homes and gave the prices and terms. In this scenario: 
 
a. Only the sales broker needs to be licensed 
b. Hostesses are employees only and need not be licensed 
c. The hostesses must be licensed 
d. As long as they do not accept deposits and do not write up sales, the hostesses need not be licensed 
c. The hostesses must be licensed 
A timeshare wou...
-
TN Timeshare Exam Practice Test Questions and Answers Rated A+
- Exam (elaborations) • 6 pages • 2024
-
- $9.89
- + learn more
TN Timeshare Exam Practice Test Questions and Answers Rated A+ 
 
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, tenants in common, time span ownership, interval ownership, and a time share lease. 
What is an acquisitions agent? 
Licensed and attempts directly to encoura...
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