Tennessee State Exam Practice Questions and Answers 100% Solved
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Course
Tennessee
Institution
Tennessee
Tennessee State Exam Practice
Questions and Answers 100% Solved
The terms of the _______ determine who receives the earnest money. -
contract
Woody wanted to work for the new broker in town, so he filed the
paperwork necessary to affiliate with a new broker. What will happen to his
three list...
agent of a broker who is responsible for your actions and required to
supervise you.
Which of the following is a true statement about transactional
recordkeeping requirements in Tennessee?
A) Electronic recordkeeping isn't allowed.
B) Hard copies must be kept for three years, electronic records for two
years.
C) Hard copy recordkeeping is preferred.
D) Licensees must produce records within 24 hours of a TREC request. -
✔✔D) Licensees must produce records within 24 hours of a TREC request.
What is a net listing? - ✔✔The seller specifies a price desired for the
property and agrees to pay the broker any amount received that's more
than that price.
In other words, a seller says "I'll sell my property for a MINIMUM of X
amount." The agent's commission then becomes the difference between X
amount and the larger sum that the property sold for.
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