ACTUAL EXAM PAPER 2026 QUESTIONS
WITH ANSWERS GRADED A+
>> PSI TN
Answer: Professional Standards Institute Tennessee exam
>> Tennessee Real Estate Commission
Answer: TREC, regulates real estate
>> Broker
Answer: Licensed to own/operate brokerage
>> Affiliate broker
Answer: Works under sponsoring broker
>> Firm
Answer: Real estate company or brokerage
>> License renewal
Answer: Every 2 years by December 31
>> Continuing education
Answer: 16 hours required biennially
>> Post-license education
Answer: 6 hours first renewal year
, >> Principal broker
Answer: Responsible for firm and affiliates
>> Managing broker
Answer: Oversees office operations
>> Transaction broker
Answer: Facilitator, no fiduciary duty
>> Designated agency
Answer: Broker assigns agent to one party
>> Dual agency
Answer: Represents both buyer and seller
>> Intra-company agency
Answer: Agents in same firm represent different parties
>> Facilitator
Answer: No agency relationship
>> Confidentiality
Answer: Protecting client information
>> Disclosure
Answer: Revealing material facts
>> Material fact
Answer: Affects value or desirability