Tennessee Realtor State Practice Exam

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Prepare for the Tennessee Realtor State Exam with questions and explanations designed to help you succeed. Master the principles and regulations of real estate in Tennessee. Ace your exam with confidence!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

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If Jada rescinded her timeshare contract during the allowable period, how many days does the seller have to refund her payments?

15 days
30 days
45 days
60 days

The correct answer is: 30 days

In Tennessee, when a buyer rescinds a timeshare contract within the designated cancellation period, the seller is required to refund the buyer's payments within a specific timeframe. According to the regulations governing timeshare sales in Tennessee, the seller has a total of 30 days from the date of rescission to issue a refund for any payments made by the buyer. This law is designed to protect consumers by ensuring that they are reimbursed promptly after they have exercised their right to cancel the contract, promoting fairness in real estate transactions.