TN Timeshare Exam Practice Test 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. 1 / 3
What is an acquisitions agent? - CORRECT ANSWER Licensed and attempts directly to encourage any person to attend a sales presentation for a timeshare program What is a purchaser? - CORRECT ANSWER Anyone who buys timeshare What is an exchange agent? - CORRECT ANSWER An agent for an exchange program What is a sales agent? - CORRECT ANSWER Person acting as a seller of any Time Share contract (only sell under specific time share developer) Anyone who sells timeshare. 2 / 3
What is a person that sells more than 5 timeshares a year that are not their own?
- CORRECT ANSWER Timeshare resale
- / 3
broker What is a unit?` - CORRECT ANSWER Real property improvements in a project which is divided into timeshare program.What is a managing agent? - CORRECT ANSWER Person with management duties and responsibilities and obligations of a timeshare program What are timeshare units? (what can be a timeshare) - CORRECT ANSWER Anything can be a timeshare unit unless expressly prohibited by project instruments or local governing laws