TN Timeshare Exam Practice Test Questions
and Answers Latest Versions Top Rated A+
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 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 an acquisitions agent?
Licensed and attempts directly to encourage any person to attend a
sales presentation for a timeshare program
What is a purchaser?
Anyone who buys timeshare
What is an exchange agent?
An agent for an exchange program
What is a sales agent?
Person acting as a seller of any Time Share contract (only sell under
specific time share developer) Anyone who sells timeshare.
, What is a person that sells more than 5 timeshares a year that are not
their own?
Timeshare resale broker
What is a unit?`
Real property improvements in a project which is divided into timeshare
program.
What is a managing agent?
Person with management duties and responsibilities and obligations of
a timeshare program
What are timeshare units? (what can be a timeshare)
Anything can be a timeshare unit unless expressly prohibited by project
instruments or local governing laws
What should be included in the Public Offering Statement?
name of county where property is located
legal description of property
ID of time periods by letter, name and number
ID of timeshare estates and how many units can be a timeshare
Common expenses and voting rights
any restrictions on use occupancy alterations or alienation of timeshare
units
ownership interest/maintenance provisions/ replacement
____ must be provided to each purchaser of a timeshare.
Public Offering statement
and Answers Latest Versions Top Rated A+
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 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 an acquisitions agent?
Licensed and attempts directly to encourage any person to attend a
sales presentation for a timeshare program
What is a purchaser?
Anyone who buys timeshare
What is an exchange agent?
An agent for an exchange program
What is a sales agent?
Person acting as a seller of any Time Share contract (only sell under
specific time share developer) Anyone who sells timeshare.
, What is a person that sells more than 5 timeshares a year that are not
their own?
Timeshare resale broker
What is a unit?`
Real property improvements in a project which is divided into timeshare
program.
What is a managing agent?
Person with management duties and responsibilities and obligations of
a timeshare program
What are timeshare units? (what can be a timeshare)
Anything can be a timeshare unit unless expressly prohibited by project
instruments or local governing laws
What should be included in the Public Offering Statement?
name of county where property is located
legal description of property
ID of time periods by letter, name and number
ID of timeshare estates and how many units can be a timeshare
Common expenses and voting rights
any restrictions on use occupancy alterations or alienation of timeshare
units
ownership interest/maintenance provisions/ replacement
____ must be provided to each purchaser of a timeshare.
Public Offering statement
