TENNESSEE TIMESHARE STUDY GUID 2026 QUESTIONS
AND ANSWERS GRADED A+
✔✔Which fees are only $10? - ✔✔- change your name
- duplicate license
- change firm name
✔✔Which fees are only $25? - ✔✔- transfer to new firm
- retire license
-reactivate license
✔✔How much does it cost to change the firms address? - ✔✔$50
✔✔What is the registration fee for an instate timeshare? - ✔✔$100
✔✔Who picks the Commissions? - ✔✔The Governor for 5 years
✔✔What are the Terms of Service for Commissioners? - ✔✔- Executive Director (4
years)
- Commissioners of Real Estate Commission (5 years)
- Commissioner of TN Human Rights (6 years)
✔✔What is a Timeshare Estate? - ✔✔An estate in real property - character of real
estate is fee simple
✔✔What is a purchaser? - ✔✔Anyone who buys a timeshare
✔✔What is a sales agent? - ✔✔The person who sells timeshares
✔✔What is a unit? - ✔✔Real property improvements in a project which is divided into
timeshare intervals
✔✔What are timeshare units? - ✔✔They can be created in any unit unless expressly
prohibited by project instruments or local governing laws
✔✔What must the Public offering statement include? - ✔✔-name of county
-legal description
-id of time periods
-id of timeshare estates and how much
-common expenses
any restrictions on use, occupancy, alterations, or alienation of timeshare unit
✔✔ What is an acquisition agent? - ✔✔People who solicit others to attend a
presentation
AND ANSWERS GRADED A+
✔✔Which fees are only $10? - ✔✔- change your name
- duplicate license
- change firm name
✔✔Which fees are only $25? - ✔✔- transfer to new firm
- retire license
-reactivate license
✔✔How much does it cost to change the firms address? - ✔✔$50
✔✔What is the registration fee for an instate timeshare? - ✔✔$100
✔✔Who picks the Commissions? - ✔✔The Governor for 5 years
✔✔What are the Terms of Service for Commissioners? - ✔✔- Executive Director (4
years)
- Commissioners of Real Estate Commission (5 years)
- Commissioner of TN Human Rights (6 years)
✔✔What is a Timeshare Estate? - ✔✔An estate in real property - character of real
estate is fee simple
✔✔What is a purchaser? - ✔✔Anyone who buys a timeshare
✔✔What is a sales agent? - ✔✔The person who sells timeshares
✔✔What is a unit? - ✔✔Real property improvements in a project which is divided into
timeshare intervals
✔✔What are timeshare units? - ✔✔They can be created in any unit unless expressly
prohibited by project instruments or local governing laws
✔✔What must the Public offering statement include? - ✔✔-name of county
-legal description
-id of time periods
-id of timeshare estates and how much
-common expenses
any restrictions on use, occupancy, alterations, or alienation of timeshare unit
✔✔ What is an acquisition agent? - ✔✔People who solicit others to attend a
presentation
