Tennessee (state exam)Real Estate Actual
Questions And Correct Answers
TREC can hold as many meetings as it deems necessary throughout the year, but
it must have a minimum of three meetings. Where must these meetings take
place?
One in each, West, middle, east division
Gideon is planning to run a full-page ad in the Knoxville newspaper to promote
his open house in two weeks. He'll be offering a free overnight stay at a local
resort to the winner of the door prize. Which of the following is a true statement?
Gideon's ad must clearly state the value and all qualifications and accurate
specifications of the prize.
A principal broker in Tennessee is required to ______ for all transactions in
which affiliated licensees participate.
Review and approve transactional documents and agreements
How many members of TREC are licensed real estate brokers or affiliate brokers
in Tennessee?
7
,Ralph is a broker whose license was suspended when one of his affiliated
brokers committed a violation. This is mostly likely because ______
Ralph either knew about the violation or is guilty of failure to supervise
Mike is applying for an affiliate broker license. What type of written
examination requirement does this type of license have?
The applicant must pass the national and state exams with a score of 70% or
greater.
Deborah, a sponsoring broker, is required to display the licenses of ________.
All affiliate brokers, both independent contractors and employees
Who's entitled to reimbursement from the Real Estate Education and Recovery
Account?
A member of the public who's been granted a judgment against a licensee
Which of these must Tennessee licensees disclose relative to specific real estate
transactions handled by their brokerages?
Immediate family relationships
, Which violation is likely to result in license revocation?
Criminal actions
Ted and Tanya, Tennessee buyers, are represented by Brooke Sales. They want to
make an offer on a home and give Brooke a check for $5,000 for earnest money.
The check is post-dated for a week. Ted explains, "We have the money, but I
need to shuffle a few things around before this check is good." Can Ted and
Tanya do this?
No. Earnest money needs to be able to be deposited immediately, so a post-dated
check won't work.
Which statement is true regarding the termination date of a listing agreement or
sales contract in Tennessee?
A definite termination date must be included.
In addition to a firm real estate license and a principal broker, what else must
real estate firms have to meet Tennessee firm license requirements?
A physical location and facility that can adequately accommodate affiliated
licensees
What would you need to disclose about a listed property?
Questions And Correct Answers
TREC can hold as many meetings as it deems necessary throughout the year, but
it must have a minimum of three meetings. Where must these meetings take
place?
One in each, West, middle, east division
Gideon is planning to run a full-page ad in the Knoxville newspaper to promote
his open house in two weeks. He'll be offering a free overnight stay at a local
resort to the winner of the door prize. Which of the following is a true statement?
Gideon's ad must clearly state the value and all qualifications and accurate
specifications of the prize.
A principal broker in Tennessee is required to ______ for all transactions in
which affiliated licensees participate.
Review and approve transactional documents and agreements
How many members of TREC are licensed real estate brokers or affiliate brokers
in Tennessee?
7
,Ralph is a broker whose license was suspended when one of his affiliated
brokers committed a violation. This is mostly likely because ______
Ralph either knew about the violation or is guilty of failure to supervise
Mike is applying for an affiliate broker license. What type of written
examination requirement does this type of license have?
The applicant must pass the national and state exams with a score of 70% or
greater.
Deborah, a sponsoring broker, is required to display the licenses of ________.
All affiliate brokers, both independent contractors and employees
Who's entitled to reimbursement from the Real Estate Education and Recovery
Account?
A member of the public who's been granted a judgment against a licensee
Which of these must Tennessee licensees disclose relative to specific real estate
transactions handled by their brokerages?
Immediate family relationships
, Which violation is likely to result in license revocation?
Criminal actions
Ted and Tanya, Tennessee buyers, are represented by Brooke Sales. They want to
make an offer on a home and give Brooke a check for $5,000 for earnest money.
The check is post-dated for a week. Ted explains, "We have the money, but I
need to shuffle a few things around before this check is good." Can Ted and
Tanya do this?
No. Earnest money needs to be able to be deposited immediately, so a post-dated
check won't work.
Which statement is true regarding the termination date of a listing agreement or
sales contract in Tennessee?
A definite termination date must be included.
In addition to a firm real estate license and a principal broker, what else must
real estate firms have to meet Tennessee firm license requirements?
A physical location and facility that can adequately accommodate affiliated
licensees
What would you need to disclose about a listed property?
