TN real estate law study guide Exam And
Actual Answers.
acquisition agent - Answer a person who by means of personal inducement, solicitation or otherwise
attempts directly to encourage any person to attend a sales presentation for a time-share program
adverse facts - Answer means conditions or occurrences generally recognized by competent licensees
that have negative impact on the value of the real estate, significantly reduce the structural integrity of
improvements to real property or present a significant health risk to occupants of the property
affiliate broker - Answer means any person engaged under contract by or on behalf of a licensed broker
to participate in any activity included in subdivision
broker - Answer any person who, for a fee, commission, finders fee or any other valuable consideration
or with the intent or expectation of receiving a fee, commission, finders fee or any other valuable
consideration from another, solicits, negotiates or attempts to solicit or negotiate the exchange for any
real estate or of the improvements on the real estate or any collects rents or attempts to collect rents,
auctions or offers to auction.; also includes any person employed by or on behalf of the owner or owners
of lots or parcels of real estate at a salary, fee, commission or any other valuable consideration, to sell
the real estate or any part of the real estate, in lots or parcels or other disposition of the real estate ....
etc, includes those who charge advanced fees etc
client - Answer a party to a transaction with whom the broker has entered into a specific written
agency agreement to provide services
customer - Answer any party other than a client in a transaction for whom or to whom a licensee
provides services
designated agent - Answer refers to a licensee who has been chosen by the licensee's managing broker
to serve as the agent of an actual or prospective party to a transaction to the exclusion of other licensees
employed by or affiliated with the broker
Actual Answers.
acquisition agent - Answer a person who by means of personal inducement, solicitation or otherwise
attempts directly to encourage any person to attend a sales presentation for a time-share program
adverse facts - Answer means conditions or occurrences generally recognized by competent licensees
that have negative impact on the value of the real estate, significantly reduce the structural integrity of
improvements to real property or present a significant health risk to occupants of the property
affiliate broker - Answer means any person engaged under contract by or on behalf of a licensed broker
to participate in any activity included in subdivision
broker - Answer any person who, for a fee, commission, finders fee or any other valuable consideration
or with the intent or expectation of receiving a fee, commission, finders fee or any other valuable
consideration from another, solicits, negotiates or attempts to solicit or negotiate the exchange for any
real estate or of the improvements on the real estate or any collects rents or attempts to collect rents,
auctions or offers to auction.; also includes any person employed by or on behalf of the owner or owners
of lots or parcels of real estate at a salary, fee, commission or any other valuable consideration, to sell
the real estate or any part of the real estate, in lots or parcels or other disposition of the real estate ....
etc, includes those who charge advanced fees etc
client - Answer a party to a transaction with whom the broker has entered into a specific written
agency agreement to provide services
customer - Answer any party other than a client in a transaction for whom or to whom a licensee
provides services
designated agent - Answer refers to a licensee who has been chosen by the licensee's managing broker
to serve as the agent of an actual or prospective party to a transaction to the exclusion of other licensees
employed by or affiliated with the broker
