Real Estate TN Broker Exam 2023, Complete
Verified Solution
What year was the Real Estate Commision for TN formed?
1951
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.
Responsibilities of the TN Real Estate Commision
Who enacts rules addressing professional conduct and standards of practice.
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.
minimum requirements for candidates and licensees
Persons and Disputes Not Within the Commission's Jurisdiction
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?
9
Amount of money to reinstate an expired license.
$1,500
An ad by a licensee that fails to identify the licensee as a professional real estate
agent.
Blind Ad
Who can file a complaint against a real estate agent.
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.
No
How does one recover the refund of money or property to which one may be
entitled.
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.
10 days of the postmarked date of receipt
Can the respondent contact the person/persons filing a complaint?
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?
An Administrative Review
, If the Commission votes to hold a formal hearing regarding a complaint, what
happens next?
You will be subpoenaed to testify.
How old do you have to be to become a Real Estate Agent?
18
How long do you have to be a resident of Tennessee to obtain a license?
45 Days
Do you have to have a college degree to obatin a RE License?
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?
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?
30 Hours
After you have completed, signed and submitted the licensing application
provided by the Tennessee Real Estate Commission along with the required fee.
What else is required as of January 1, 2014 required to be submitted when
applying for a license.
electronic fingerprint files
In order to become a Real Estate Broker, one must have an active license that
meets one of the following criteria:
1.) Twenty-four months actively licensed, if licensed as an affiliate broker on or before
May 12, 1988.
-OR-
2.) Thirty-six months actively licensed, if licensed as an affiliate broker after May 12,
1988.
-OR-
3.) Twenty-four months actively licensed, if the candidate has a baccalaureate degree
with a major in real estate.
How many hours of approved real estate education must once complete to test to
be a Broker?
120-hours including 30 hours in "Office/Broker Management"
One must have completed, signed and submitted the licensing application
provided by the Tennessee Real Estate Commission along with the required fee.
In order to do what?
Take the real estate Broker Exam
How many hours must a Broker complete after passing the Broker exam?
120
How long does a newly licensed real estate broker have to complete their
additional real estate courses?
3 years
What happens if a newly licensed Real Estate Broker does not complete his/her
additional education classes required?
non-issuance of a license renewal
Verified Solution
What year was the Real Estate Commision for TN formed?
1951
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.
Responsibilities of the TN Real Estate Commision
Who enacts rules addressing professional conduct and standards of practice.
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.
minimum requirements for candidates and licensees
Persons and Disputes Not Within the Commission's Jurisdiction
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?
9
Amount of money to reinstate an expired license.
$1,500
An ad by a licensee that fails to identify the licensee as a professional real estate
agent.
Blind Ad
Who can file a complaint against a real estate agent.
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.
No
How does one recover the refund of money or property to which one may be
entitled.
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.
10 days of the postmarked date of receipt
Can the respondent contact the person/persons filing a complaint?
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?
An Administrative Review
, If the Commission votes to hold a formal hearing regarding a complaint, what
happens next?
You will be subpoenaed to testify.
How old do you have to be to become a Real Estate Agent?
18
How long do you have to be a resident of Tennessee to obtain a license?
45 Days
Do you have to have a college degree to obatin a RE License?
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?
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?
30 Hours
After you have completed, signed and submitted the licensing application
provided by the Tennessee Real Estate Commission along with the required fee.
What else is required as of January 1, 2014 required to be submitted when
applying for a license.
electronic fingerprint files
In order to become a Real Estate Broker, one must have an active license that
meets one of the following criteria:
1.) Twenty-four months actively licensed, if licensed as an affiliate broker on or before
May 12, 1988.
-OR-
2.) Thirty-six months actively licensed, if licensed as an affiliate broker after May 12,
1988.
-OR-
3.) Twenty-four months actively licensed, if the candidate has a baccalaureate degree
with a major in real estate.
How many hours of approved real estate education must once complete to test to
be a Broker?
120-hours including 30 hours in "Office/Broker Management"
One must have completed, signed and submitted the licensing application
provided by the Tennessee Real Estate Commission along with the required fee.
In order to do what?
Take the real estate Broker Exam
How many hours must a Broker complete after passing the Broker exam?
120
How long does a newly licensed real estate broker have to complete their
additional real estate courses?
3 years
What happens if a newly licensed Real Estate Broker does not complete his/her
additional education classes required?
non-issuance of a license renewal
