1- A purchaser's right to cancel the purchase contract for a time-share interval

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A. is for a 24-hour period following execution of the contract.

B. ends upon receipt of the revised public offering statement.

C. is unenforceable unless specifically written into the contract.

D. may not be waived by the purchaser.

2- According to Tennessee law, if you wish to retire your license temporarily, you

A.need not complete any continuing education.

B. must complete 8 hours of continuing education prior to reactivation.

C.must complete 16 hours of continuing education prior to retiring your license.

D.must complete 16 hours of continuing education upon reactivation of your license within the current license renewal period.

3- Which of the following persons MUST meet the state real estate licensing requirements?

A.A person acting as executor and selling real estate under a court order.

B. A person selling real property under a recorded power of attorney.

C.An independent contractor who negotiates leases of property.

D.The salaried employee of a corporation acting as property manager of an apartment complex.

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1 A is for a 24 hours period following execution of the contract 2 c must complete 16 hours of conti... View the full answer