PROGRAM EXAM QUESTIONS AND
ANSWERS GRADED A+ 2025/2026
False - ✔✔✔ANSW✔✔..Real Estate Professionals are licensed at the
Federal Level
Commission Maximums - ✔✔✔ANSW✔✔..Some Activities that real
estate licensees perform are affected by license laws, ant others are not,
Which is not affected: Required Education, Ethical Client Interactions,
Work Schedules, Required Experience, Membership in Civic
Organizations, Commission Maximums
Licensed real estate activities, Agency contracts, Referral fees -
✔✔✔ANSW✔✔..TREC enforces and administers laws on: Licensed
Real estate activities, appraisal activities, agency contracts, Referral
fees
State Laws and Regulations - ✔✔✔ANSW✔✔..Where will you find
official documentation about the licensing of real estate professionals?
They must always disclose themselves as licensees -
✔✔✔ANSW✔✔..Under what circumstances must Tennessee Real
estate licensees disclose their license status when buying or selling their
own property
The sale has closed - ✔✔✔ANSW✔✔..As a listing agent, when are you
no longer obligated to present offers to your client?
, Conversations and Recommendations - ✔✔✔ANSW✔✔..What should
you document to avoid E&O claims
24 Hours - ✔✔✔ANSW✔✔..Brokerage documents that the TREC
requests must be provided within _____ of the request.
Complainants can pursue a civil suit independently -
✔✔✔ANSW✔✔..What is true about filing a civil suit related to a
complaint in Tennessee?
File a complaint with the TREC - ✔✔✔ANSW✔✔..What should a
consumer do to report a possible license violation?
False (they don't represent either party; assist both parties as
customers) - ✔✔✔ANSW✔✔..Facilitators represent both parties in a
transaction (T/F)?
False (can't wear two hats in Tennesse) - ✔✔✔ANSW✔✔..Licensees
can serve as an agent for one party and a facilitator for the other to avoid
dual agency.
Working with a Real Estate Professional - ✔✔✔ANSW✔✔..Which TAR
form would you sue when discussing real estate with a consumer who
has never worked with a real estate professional?
Broker - ✔✔✔ANSW✔✔..An unrepresented _____ who's a party to a
transaction is known as a principal.
False - ✔✔✔ANSW✔✔..Listing broker compensation must be a
percentage of listing price (T/F).