SOLVED QUESTIONS GRADED A+
● Licenses, registers and regulates real estate brokers and affiliate
brokers, real estate firms, rental location agents, time-share salespersons
and developments, vacation clubs and vacation lodging services.
Answer: Responsibilities of the TN Real Estate Commision
● Who enacts rules addressing professional conduct and standards of
practice. Answer: Tennessee Real Estate Commision
● The mission is to protect the public through establishment and
administration of ________ ________ _______ _____ ______ _______,
effective professional education of licensees and enforcement of
professional conduct. Answer: minimum requirements for candidates
and licensees
● Persons and Disputes Not Within the Commission's Jurisdiction
Answer: A. Cannot decide on Zoning Issues; B. Commission Disputes;
C. Associate Disputes; D. Inspection or Survey Issues
● How many members are there on the Tennessee Real Estate
Commission? Answer: 9
● Amount of money to reinstate an expired license. Answer: $1,500
,● An ad by a licensee that fails to identify the licensee as a professional
real estate agent. Answer: Blind Ad
● Who can file a complaint against a real estate agent. Answer: Any
person may file a complaint for unlicensed activity where such activity
requires licensure by law.
● Can the RE Commission recover or order the refund of any money or
property to which you may be entitled. Answer: No
● How does one recover the refund of money or property to which one
may be entitled. Answer: You must institute a civil lawsuit for this
purpose and hire your own legal counsel, if necessary. In certain
instances, a judge can revoke or suspend the license of the person
against whom you are complaining, the Respondent.
● How many days does a respondent have to reply to the complaint.
Answer: 10 days of the postmarked date of receipt
● Can the respondent contact the person/persons filing a complaint?
Answer: When the response is received by our office, we will send a
copy to you. You may respond to the Respondent's answer if you wish.
, ● After you complaint is received and the respondent has time to
respond (10) days, what happens next? Answer: An Administrative
Review
● If the Commission votes to hold a formal hearing regarding a
complaint, what happens next? Answer: You will be subpoenaed to
testify.
● How old do you have to be to become a Real Estate Agent? Answer:
18
● How long do you have to be a resident of Tennessee to obtain a
license? Answer: 45 Days
● Do you have to have a college degree to obatin a RE License?
Answer: No, graduated from high school or (GED).
● How many hours of Real Estate Principles licensing course before
registering for the PSI Affliate Broker Real Estate Exam? Answer: 60
● After passing both the national and state Real Estate Exams, how
many hours of real estate courses do new affliates complete before
applying for licensure? Answer: 30 Hours