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TN State Exam (2025) comprehensive questions and verified detailed solutions ( MULTIPLE CHOICES) |100% CORRECT!!

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TN State Exam (2025) comprehensive questions and verified detailed solutions ( MULTIPLE CHOICES) |100% CORRECT!!

Instelling
TN Business & Law
Vak
TN Business & Law

Voorbeeld van de inhoud

TN State Exam (2025) comprehensive questions and verified
detailed solutions (MULTIPLE CHOICES) |100%
CORRECT!!
Which of the following statements is true about advertising rules and technology-based media
!@#$$$$$$$$$$%
in Tennessee? - (ANSWERS)Advertising rules apply online, just as they do in other media.

What's the term length for a member of the Tennessee Real Estate Commission? - (ANSWERS)5
years

Trinity is seriously thinking about buying a timeshare in Tennessee. She's done her research and
knows that the timeshare market has a reputation for attracting scam artists. Trinity finds
comfort in knowing that her state protects timeshare owners' and buyers' interests through the
______. - (ANSWERS)Time Share Act of 1981

If a Tennessee affiliate broker wants to offer a prize to clients, what must the principal broker
do? - (ANSWERS)Approve the prize

How can a consumer submit a complaint to the Tennessee Real Estate Commission? -
(ANSWERS)???

Which entity administers and enforces residential and commercial laws for activities that
require a license? - (ANSWERS)Tennessee Real Estate Commission

What's true about a licensee's seat on the local park commission's board of trustees? -
(ANSWERS)The seat must be disclosed if the organization buys or sells property through the
licensee's brokerage.

Andrea is meeting with a sales agent this afternoon to tour a property. She hasn't signed a buyer
representation agreement, but she has looked at several properties with the same sales agent.
What kind of agency representation does Andrea have? - (ANSWERS)No agency

Brokerage documents that the Tennessee Real Estate Commission requests must be produced
within ______ of the request. - (ANSWERS)24 hours

Applicants for a Tennessee real estate license must submit a special form if they've been
convicted of theft of money, services, or property in the past ______ years. - (ANSWERS)10

Deborah, a sponsoring broker, is required to display the licenses of ________. - (ANSWERS)All
affiliate brokers, both independent contractors and employees

Fortunado took 95 hours of approved education, and has his high school diploma. He can now
sit for which exam? - (ANSWERS)Affiliate broker

, TN State Exam (2025) comprehensive questions and verified
detailed solutions (MULTIPLE CHOICES) |100%
CORRECT!!
Susie's a little nervous about the $20,000 earnest money check she just deposited with a
!@#$$$$$$$$$$%
Tennessee title company. When should she expect to see this money applied toward her
purchase of the property? - (ANSWERS)When conditions are met at closing

Licensees in Tennessee are required to keep transaction documents for a minimum of ______.
- (ANSWERS)3 years

Misrepresentation is grounds for discipline if it is ______. - (ANSWERS)Willful

Which of the following would you need to disclose about a listed property? - (ANSWERS)It was
previously listed with another brokerage.

If someone complains to TREC about a licensee, how many days does the licensee have to
respond after receiving a copy of the complaint? - (ANSWERS)10 days

What's true about a consumer who is working with a real estate licensee but hasn't signed an
agency agreement? - (ANSWERS)The consumer is free to sign an agreement or work with any
other licensee.

Which of the following statements is true regarding the termination date of a listing agreement
or sales contract in Tennessee? - (ANSWERS)A definite termination date must be included.

What's another name for a facilitator? - (ANSWERS)Transaction broker

Which option describes the broker application process in Tennessee? - (ANSWERS)Apply in
writing on an approved form, submit a letter of course completion, and have a principal broker
sign the application.

What is an action a Tennessee affiliate broker can take to avoid commingling funds they
receive? - (ANSWERS)Immediately turn over funds received to their principal broker.

Which type of Tennessee property manager is most likely to work for real estate developers and
investors - (ANSWERS)Real estate development

Which entity administers license law in Tennessee? - (ANSWERS)TREC

Sabine is a Tennessee broker who will be working independently for the first time since starting
her real estate practice 11 years ago. She converted a garage behind her house to her office.
What does Tennessee law require her to put up outside her office? - (ANSWERS)???

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