What can be a timeshare? - Answer✔️✔️-Anything unless it is prohibited by other
documents
What is a project instrument? - Answer✔️✔️-All documents associated with the
timeshare
If the property is not a timeshare, what is it? - Answer✔️✔️-A rental or whole
ownership
When do we present the public offering statement? - Answer✔️✔️-The first thing in
the closing, it must contain the rescission statement in it.
What is the rescission/cancellation period in TN? - Answer✔️✔️-10 or 15 days
How long does one have to submit a complaint if they feel they have been
discriminated against? - Answer✔️✔️-180 days
How long do you have to spend as an affiliate broker before you can apply for a
broker license? - Answer✔️✔️-Three Years
What is errors and ommision insurance? Who has to have it? - Answer✔️✔️-All
agents must have insurance to protect them against inadequate or negative actions
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