REAL ESTATE TN STATE EXAM WITH
CORRECT ACTUAL QUESTIONS AND
CORRECTLY WELL DEFINED ANSWERS
LATEST 2025-2026 ALREADY GRADED A+
what is a contract - ANSWERS-a contract is a set of legally binding promises
between two informed parties
what is the age of legal competence in TN, with no exceptions, to enter a
contract - ANSWERS-18
what is an adverse fact - ANSWERS-situations that would significantly,
adversely, and negatively affect the value of a property; facts of such
significance that they would affect either party's decision to enter into a
contract
,what is fraud - ANSWERS-the intentional deception in such a way as to harm
another person; making false statements about a property's condition;
intentionally concealing known facts
which is true about negligence - ANSWERS-negligence does not have to be
intentional to bring liability exposure
who is permitted to draw up real estate contracts - ANSWERS-affiliates and
brokers licensed by TREC
what specifically may a broker not prepare - ANSWERS-cannot prepare deeds,
prepare documents necessary to correct title defects, prepare affidavits of child
support or spousal support
how is property describes in TN legal documents - ANSWERS-metes and bounds
and lot and block number descriptions are in common usage
IN TN, who is required to hold a real estate license? - ANSWERS-Real Estate
Brokers and Real Estate affiliate brokers
What is the most important exemption from the licensing requirements? -
ANSWERS-A person who acts on their own behalf
,Does TN recognize licensure in other states? - ANSWERS-No, TN no longer has
reciprocity agreements with any state
What is the difference between an affiliate broker and a principal broker? -
ANSWERS-An affiliate broker is typically a sales person; a principle broker is
responsible for all licensees in their firm; a principal can also be a sales person
Can there be more than one broker in any given office? - ANSWERS-Yes,
principle brokers can employ brokers; there can only be one principle broker per
office
Can a corporation or partnership receive a real estate license? - ANSWERS-a
partnership or corporation may be granted a firm license if the application is on
parole or probation
What reasons permit the REC to deny a license? - ANSWERS-the applicant
makes a false statement of any material fact on an application; the applicant
was convicted of obtaining money under false pretenses
Will the commission make any exceptions to concerning the denial of a license?
- ANSWERS-Possibly yes. The TREC can consider the nature of a disqualifying act
or circumstances
What are the responsibilities of affiliates brokers? - ANSWERS-The affiliate
broker must keep their broker fully informed of their license status; the
, affiliated must act according to the broker's wishes; the affiliate broker can only
represent one principle broker
Can an affiliate broker be licensed under more than one broker? - ANSWERS-No,
the affiliate broker can only be employed by one broker
List the additional requirements to become a broker - ANSWERS-complete 120
hours of TREC approved education, qualify with a specific time of real estate
experience, complete TREC approved course in broker office management
Who administers the real estate exam - ANSWERS-PSI
What is the name of the TN real estate regulatory body - ANSWERS-Tennessee
Real Estate Commission
How many members are on the TREC - ANSWERS-9
How long do the members of TREC serve - ANSWERS-5 years
What is the purpose and mission of TREC - ANSWERS-To license and regulate
real estate brokers and affiliate brokers; to license and regulate time-share
salespersons; to license and regulate real estate firms
CORRECT ACTUAL QUESTIONS AND
CORRECTLY WELL DEFINED ANSWERS
LATEST 2025-2026 ALREADY GRADED A+
what is a contract - ANSWERS-a contract is a set of legally binding promises
between two informed parties
what is the age of legal competence in TN, with no exceptions, to enter a
contract - ANSWERS-18
what is an adverse fact - ANSWERS-situations that would significantly,
adversely, and negatively affect the value of a property; facts of such
significance that they would affect either party's decision to enter into a
contract
,what is fraud - ANSWERS-the intentional deception in such a way as to harm
another person; making false statements about a property's condition;
intentionally concealing known facts
which is true about negligence - ANSWERS-negligence does not have to be
intentional to bring liability exposure
who is permitted to draw up real estate contracts - ANSWERS-affiliates and
brokers licensed by TREC
what specifically may a broker not prepare - ANSWERS-cannot prepare deeds,
prepare documents necessary to correct title defects, prepare affidavits of child
support or spousal support
how is property describes in TN legal documents - ANSWERS-metes and bounds
and lot and block number descriptions are in common usage
IN TN, who is required to hold a real estate license? - ANSWERS-Real Estate
Brokers and Real Estate affiliate brokers
What is the most important exemption from the licensing requirements? -
ANSWERS-A person who acts on their own behalf
,Does TN recognize licensure in other states? - ANSWERS-No, TN no longer has
reciprocity agreements with any state
What is the difference between an affiliate broker and a principal broker? -
ANSWERS-An affiliate broker is typically a sales person; a principle broker is
responsible for all licensees in their firm; a principal can also be a sales person
Can there be more than one broker in any given office? - ANSWERS-Yes,
principle brokers can employ brokers; there can only be one principle broker per
office
Can a corporation or partnership receive a real estate license? - ANSWERS-a
partnership or corporation may be granted a firm license if the application is on
parole or probation
What reasons permit the REC to deny a license? - ANSWERS-the applicant
makes a false statement of any material fact on an application; the applicant
was convicted of obtaining money under false pretenses
Will the commission make any exceptions to concerning the denial of a license?
- ANSWERS-Possibly yes. The TREC can consider the nature of a disqualifying act
or circumstances
What are the responsibilities of affiliates brokers? - ANSWERS-The affiliate
broker must keep their broker fully informed of their license status; the
, affiliated must act according to the broker's wishes; the affiliate broker can only
represent one principle broker
Can an affiliate broker be licensed under more than one broker? - ANSWERS-No,
the affiliate broker can only be employed by one broker
List the additional requirements to become a broker - ANSWERS-complete 120
hours of TREC approved education, qualify with a specific time of real estate
experience, complete TREC approved course in broker office management
Who administers the real estate exam - ANSWERS-PSI
What is the name of the TN real estate regulatory body - ANSWERS-Tennessee
Real Estate Commission
How many members are on the TREC - ANSWERS-9
How long do the members of TREC serve - ANSWERS-5 years
What is the purpose and mission of TREC - ANSWERS-To license and regulate
real estate brokers and affiliate brokers; to license and regulate time-share
salespersons; to license and regulate real estate firms
