FINAL EXAM TN REAL ESTATE COURSE LATEST EXAM
QUESTIONS WITH 100% CORRECT ANSWERS 2025/2026
When showing a home, it is good etiquette to always - --
Answers----turn off any lights that were turned on during the
showing.
How would a neighborhood transitioning from residential to
some other use affect a home's estimated selling price? - --
Answers----It could increase or decrease the likely price,
depending on what kind of use the area is moving to.
"Risk" in the practice of real estate means - --Answers----the
chance of experiencing a loss.
Which type of listing agreement is illegal in Tennessee? - --
Answers----Net
In a transaction using a contract for deed, what does the buyer
initially receive? - --Answers----Equitable title
To help avoid practicing law without a license, licensees should -
--Answers----only use standardized forms.
Within _______ from the date a broker's original license was
issued, the broker must complete 120 classroom hours of real
estate education to renew the license. - --Answers----3 years
A licensee who represents a buyer in the purchase of a property
must - --Answers----disclose known adverse facts about the
property to the buyer.
,Before an appointment to list a property, the agent should - --
Answers----check out the property's neighborhood.
The legal remedy for a contract default that terminates the
contract and returns the valuable consideration to its original
owner is called - --Answers----rescission.
When using forms with clients, the agent should never - --
Answers----charge a fee for helping with a form.
Which of the following statements is true? - --Answers----
Failure to correctly complete forms is a violation by the licensee,
not the sponsoring broker.
When working as a seller's agent, a licensee must never disclose
- --Answers----anything harmful to the client's interests.
When is the latest an agent may obtain written confirmation of
his or her agency disclosure from a seller who has no agent? - -
-Answers----Before executing a listing agreement or presenting
an offer
The reason a property does not sell is often due to - --Answers-
---overpricing.
The least desirable grade of office property is designated as - --
Answers----Class D
To prevent license expiration, the Commission will notify the
licensee of the need to submit fees at least ________ before the
due date. - --Answers----6 months
, Which of the economic principles underlying the value of real
property says that a property is at its highest value when it fits
into its surroundings? - --Answers----Conformity
One reason why appraisers use three value approaches is - --
Answers----to establish a more reliable value range.
If Tom has a monthly income of $3,000 and his wife's monthly
income is $3,500, what is the estimated maximum loan payment
they would qualify for under the FHA guidelines? - --Answers---
-$1,885
Securing a loan by pledging a property without giving up
ownership to the property is called - --Answers----
hypothecation.
As a facilitator, what must be disclosed to all parties in the
transaction? - --Answers----Facilitator status and sources of
compensation
The Uniform Residential Landlord and Tenant Act - --Answers--
--sets standards for improving oral lease agreements.
How much is the typical loan origination fee? - --Answers----1%
of the loan amount
Which of the following would be an appropriate risk management
response if a seller asks about the religion of a potential buyer?
- --Answers----Remember when we signed the listing
agreement that we discussed that basing a decision on
someone's religion is against anti-discrimination laws? With that
in mind, if the buyer's religion is really important to you, I can
refer you to an expert who can help you with that question.
QUESTIONS WITH 100% CORRECT ANSWERS 2025/2026
When showing a home, it is good etiquette to always - --
Answers----turn off any lights that were turned on during the
showing.
How would a neighborhood transitioning from residential to
some other use affect a home's estimated selling price? - --
Answers----It could increase or decrease the likely price,
depending on what kind of use the area is moving to.
"Risk" in the practice of real estate means - --Answers----the
chance of experiencing a loss.
Which type of listing agreement is illegal in Tennessee? - --
Answers----Net
In a transaction using a contract for deed, what does the buyer
initially receive? - --Answers----Equitable title
To help avoid practicing law without a license, licensees should -
--Answers----only use standardized forms.
Within _______ from the date a broker's original license was
issued, the broker must complete 120 classroom hours of real
estate education to renew the license. - --Answers----3 years
A licensee who represents a buyer in the purchase of a property
must - --Answers----disclose known adverse facts about the
property to the buyer.
,Before an appointment to list a property, the agent should - --
Answers----check out the property's neighborhood.
The legal remedy for a contract default that terminates the
contract and returns the valuable consideration to its original
owner is called - --Answers----rescission.
When using forms with clients, the agent should never - --
Answers----charge a fee for helping with a form.
Which of the following statements is true? - --Answers----
Failure to correctly complete forms is a violation by the licensee,
not the sponsoring broker.
When working as a seller's agent, a licensee must never disclose
- --Answers----anything harmful to the client's interests.
When is the latest an agent may obtain written confirmation of
his or her agency disclosure from a seller who has no agent? - -
-Answers----Before executing a listing agreement or presenting
an offer
The reason a property does not sell is often due to - --Answers-
---overpricing.
The least desirable grade of office property is designated as - --
Answers----Class D
To prevent license expiration, the Commission will notify the
licensee of the need to submit fees at least ________ before the
due date. - --Answers----6 months
, Which of the economic principles underlying the value of real
property says that a property is at its highest value when it fits
into its surroundings? - --Answers----Conformity
One reason why appraisers use three value approaches is - --
Answers----to establish a more reliable value range.
If Tom has a monthly income of $3,000 and his wife's monthly
income is $3,500, what is the estimated maximum loan payment
they would qualify for under the FHA guidelines? - --Answers---
-$1,885
Securing a loan by pledging a property without giving up
ownership to the property is called - --Answers----
hypothecation.
As a facilitator, what must be disclosed to all parties in the
transaction? - --Answers----Facilitator status and sources of
compensation
The Uniform Residential Landlord and Tenant Act - --Answers--
--sets standards for improving oral lease agreements.
How much is the typical loan origination fee? - --Answers----1%
of the loan amount
Which of the following would be an appropriate risk management
response if a seller asks about the religion of a potential buyer?
- --Answers----Remember when we signed the listing
agreement that we discussed that basing a decision on
someone's religion is against anti-discrimination laws? With that
in mind, if the buyer's religion is really important to you, I can
refer you to an expert who can help you with that question.
