Tennessee Timeshare Test 100% Pass
acquisition agent
people who solicit others to attend a presentation
license expire
2 years from the issued date
powers of the commission
can fine you, suspend your license, or refer you to court
reinstatement for expired license
retake the test
escrow account
deposit for purchase into a bank account
developer
person/entity in the business of creating or selling any timeshare program
the project
the development
exchange agent
RCl
timeshare
anything unless it is prohibited by other documents
rental or whole ownership
if the property is not a timeshare it is a
public offering statement presentation
first thing in the closing, must contain the rescission statement in it
rescission/cancellation period in TN
10 or 15 days
discrimination complaint
180 days to submit a
broker license
you must spend three years as an affiliate broker before you can apply for a
errors and omission insurance
all agents must have this to protect them against inadequate or negative actions
license
you can apply for up to 6 months for your
I am
who is responsible for renewing your license
property value
what doesn't have to be in the truth and lending statement/public offering statement
misleading
in advertising, any statement, action, or liam which is untrue
72 hours
you give guests the gifts or cash equivalent if they haven't received their gifts after
anything in writing
what can be guaranteed to a purchaser
tenants in common
multiple owners
acquisition agent
people who solicit others to attend a presentation
license expire
2 years from the issued date
powers of the commission
can fine you, suspend your license, or refer you to court
reinstatement for expired license
retake the test
escrow account
deposit for purchase into a bank account
developer
person/entity in the business of creating or selling any timeshare program
the project
the development
exchange agent
RCl
timeshare
anything unless it is prohibited by other documents
rental or whole ownership
if the property is not a timeshare it is a
public offering statement presentation
first thing in the closing, must contain the rescission statement in it
rescission/cancellation period in TN
10 or 15 days
discrimination complaint
180 days to submit a
broker license
you must spend three years as an affiliate broker before you can apply for a
errors and omission insurance
all agents must have this to protect them against inadequate or negative actions
license
you can apply for up to 6 months for your
I am
who is responsible for renewing your license
property value
what doesn't have to be in the truth and lending statement/public offering statement
misleading
in advertising, any statement, action, or liam which is untrue
72 hours
you give guests the gifts or cash equivalent if they haven't received their gifts after
anything in writing
what can be guaranteed to a purchaser
tenants in common
multiple owners
