What can be a timeshare - Study guides, Class notes & Summaries

Timeshare License Exam With Correct Answers Latest Update 2023/2024 (Graded 100%). How long is a TSA license valid for? - Correct Answer-2 years If a timeshare AGENT initially becomes licensed on June 6, 2000, when will the license expire? - Correct Answer-June 30, 2002 (end of the month - 2 years later) If a timeshare REPRESENTATIVE initially becomes licensed on June 6, 2009, when will the license expire? - Correct Answer-June 30, 2010 (end of the month - 1 year later) An applicant for an ...

What is a legally binding agreement? It is structured by formal, legal documents that define property rights, rules and restrictions It grants rights and/or imposes liabilities and responsibilities on the community association and members It provides governance, business, and communal aspects of administering, maintaining and enhancing the property Could also be considered a "contract" What is a legally binding agreement referred to in certain community associations? A covena...

TN Timeshare Exam Practice Test Questions and Answers Rated A+ What is the Tennessee Real Estate Commission? - Answer ️️ -Judicial body of real estate industry in TN Following discriminatory practice, you should make a complaint with ____ days. - Answer ️️ - 180 What is a timeshare estate? - Answer ️️ -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 an acquisition...

PA Exam 3 with 100% Correct Answers 2023 Which of the following are NOT grounds in Pennsylvania for revoking a broker's license? A Being convicted of a felony B Agreeing with the seller to accept a commission that is more than the standard rate C Depositing an earnest money check into the broker's personal account D Advertising as a member of the Pennsylvania Association of Real Estate Professionals when the broker is not really a member - Correct Answer-B It is perfectly legal to agr...

Hawaii Exam Questions and Answers 100% Pass notice of a condominium unit owners association meeting must - Correct Answer ️️ -be delivered at least 14 days prior to the meeting in order to rescind the purchase of a new condo from the developer, the purchasers must - Correct Answer ️️ -submit a signed recession form w/in 30 days from date of receiving the form after the initial period, condo bylaws can be amended by - Correct Answer ️️ -67% of owners votes if a time share deve...

1. When a land owner uses his land as security for a loan, the encumbrance created is called. ANS C. an involuntary lien 2. If an owner wants to list a property for sale "as is," the listing agent should ANS C. Question the seller to any known defects 3. According to the New Jersey Real Estate Time Share Act, if a licensee is selling a timeshare located within the state of New Jersey, all of the following are true EXCEPT that the ANS A. licensee must hold a timeshare license 4. May a New...

What is the purpose of license law? Correct Answer To protect the public, safety, and welfare. Can an associate broker have supervisory authority? Correct Answer No Does an executive broker have to be under supervision? Correct Answer Yes To who made an executive broker exercise supervision over? Correct Answer Executive brokers and sales persons To participate in real estate auction, must the auctioneer and ringman both hold a real estate license? Correct Answer Yes Define "prin...

Tennessee Timeshare License Exam Questions with Complete Solutions What is an acquisition agent? - Correct Answer People who solicit others to attend a presentation When does your license expire? - Correct Answer 2 years from the date of issuance What are the powers of the commission? - Correct Answer The can fine you, suspend your license, or refer you to court. If your license is expired, how can you get reinstated? - Correct Answer Retake the test What is an escrow account? - Cor...

A Superior Test NC License Law 01 Questions and Answers What is the first point at which a provisional broker may begin practicing real estate in North Carolina? A:When the NCREC received notification of the provisional brokers activation with a BIC B:Upon successful completion of all coursework and required examinations C:Upon completion of all educational requirements D:Upon formal notification from the NCREC that the candidate has the successfully passed the real estate examination an...

Timeshare Test 1 Study Guide Marriott Vacation Club just introduced what kind of ownership? - points Existing Marriott Vacation Club owners will have to convert their ownership into the new program. - FALSE Timeshare sales have increased or decreased in the United States since last year. - Decreased At the end of the semester Dr. Kaufman accepts extra credit papers if you have a poor grade. - FALSE Before the banking issues if you could sign your name and wanted to buy it timesh...