TN timeshare study guide actual questions and answers
with complete solution
If there is a complaint against licensee, they must answer in how many days?
10 days
If a customer sees a timeshare and buys it how long do they have to cancel the
purchase?
10 days
If the customer does not see the time share and buys it how long do they have
to cancel the purchase?
15 days
If customer cancels purchase how long does the developer have to refund all
the monies?
30 days
If a public offering statment is incomplete how long do you have to ammend
it?
45 days
How long before the time-share real estate expires must you renew?
60 days
If not renewed how much is the fine for the first 60 days?
50 per month or part of month due date to expiration
If not renewed after 60 days how much is it to renew license
100 per month or part of month for 60 days beyond expiration
Camping contracts must be canceled in how many days?
15 days
Camping contracts must be refunded in how many days?
30 days
Camping contract rain checks must be within how many days?
120 days
Commission must notify complainant of discriminatory practice in how many
days?
10 days
Either party may indicate civil action within how many days?
20 days
Complainant has how many days to appeal a ruling?
30 days
Commission has how many days to appeal ruling?
30 days
Must initiate "Court of Appeals" proceeding in how many days?
30 days
If civil action is taken commission must act within how many days?
60 days
Hearings concerning discrimination must be within how many days?
90 days
Following discriminatory practice how long do you have to make a complaint?
180 days
If the commission doesn't schedule hearing, how long until you go to county
chancery, circuit court, or court of appeals?
, 180 days
What is the fee for licensing?
100
What is the education and recovery fee?
30
What is the license renewal fee?
80
TREC 1 Form name change fee?
10
TREC 1 Form firm name change fee?
10
TREC 1 Form change where you work fee?
25
TREC 1 Form to retire license fee?
25
TREC 1 Form to un-retire license fee?
25
TREC 1 Form to change broker fee?
25
TREC 1 Form to change firm address form?
25
Fee for registration of in-state time-share?
100
Annual renewal fee for timeshare interval plans?
50
Registration of out of state timeshare interval plans?
200
Anual renewal for out of state timeshare interval plans?
100
Aquisition agents registration fee?
25
Time Share Act registration of TS or Vacation club fee?
500
Request exemption form registration fee
250
1st time involuntary discrimination fee?
10,000
2nd time involuntary discrimination fee?
25,000
3rd time involuntary discrimination fee?
50,000
How long to preserve real estate transaction records?
3 years
How long to preserve records of escrow or trustee account of deposits?
3 years
How long should developers retain signed public offering statements?
4 years
What is the statute of limitations?
4 years
How long does the Real Estate director serve?
with complete solution
If there is a complaint against licensee, they must answer in how many days?
10 days
If a customer sees a timeshare and buys it how long do they have to cancel the
purchase?
10 days
If the customer does not see the time share and buys it how long do they have
to cancel the purchase?
15 days
If customer cancels purchase how long does the developer have to refund all
the monies?
30 days
If a public offering statment is incomplete how long do you have to ammend
it?
45 days
How long before the time-share real estate expires must you renew?
60 days
If not renewed how much is the fine for the first 60 days?
50 per month or part of month due date to expiration
If not renewed after 60 days how much is it to renew license
100 per month or part of month for 60 days beyond expiration
Camping contracts must be canceled in how many days?
15 days
Camping contracts must be refunded in how many days?
30 days
Camping contract rain checks must be within how many days?
120 days
Commission must notify complainant of discriminatory practice in how many
days?
10 days
Either party may indicate civil action within how many days?
20 days
Complainant has how many days to appeal a ruling?
30 days
Commission has how many days to appeal ruling?
30 days
Must initiate "Court of Appeals" proceeding in how many days?
30 days
If civil action is taken commission must act within how many days?
60 days
Hearings concerning discrimination must be within how many days?
90 days
Following discriminatory practice how long do you have to make a complaint?
180 days
If the commission doesn't schedule hearing, how long until you go to county
chancery, circuit court, or court of appeals?
, 180 days
What is the fee for licensing?
100
What is the education and recovery fee?
30
What is the license renewal fee?
80
TREC 1 Form name change fee?
10
TREC 1 Form firm name change fee?
10
TREC 1 Form change where you work fee?
25
TREC 1 Form to retire license fee?
25
TREC 1 Form to un-retire license fee?
25
TREC 1 Form to change broker fee?
25
TREC 1 Form to change firm address form?
25
Fee for registration of in-state time-share?
100
Annual renewal fee for timeshare interval plans?
50
Registration of out of state timeshare interval plans?
200
Anual renewal for out of state timeshare interval plans?
100
Aquisition agents registration fee?
25
Time Share Act registration of TS or Vacation club fee?
500
Request exemption form registration fee
250
1st time involuntary discrimination fee?
10,000
2nd time involuntary discrimination fee?
25,000
3rd time involuntary discrimination fee?
50,000
How long to preserve real estate transaction records?
3 years
How long to preserve records of escrow or trustee account of deposits?
3 years
How long should developers retain signed public offering statements?
4 years
What is the statute of limitations?
4 years
How long does the Real Estate director serve?
