Tennessee Real Estate Bindle Set

A corporation is - Answer a legal entity that can buy and sell real estate as set out in its charter. Ownership in severalty is - Answer property owned by one individual or corporation. A house is owned by three joint tenants, and one of the owners, as permitted by state law, sells that in...

coordinate inspections and deliver documents and escrow monies to the appropriate attorney - Answer a broker or affiliate broker may perform all of the following in preparation for the closing EXCEPT may conduct the closing - Answer a broker decides he wants to conduct the closing on a all-ca...

What Tennessee law covers landlord-tenant relations? - Answer Tennessee has the Uniform Landlord and Tenant Act for residential rentals. This law is designed to simplify, clarify, modernize, and revise the laws governing the rental of dwelling units and the rights and obligations of both landlords...

A Tennessee licensee must use the "Exclusive Right to Sell" form - Answer required by the licensee's broker. According to the level of authority delegated to the agent, the usual real estate agency is a - Answer limited agency. When must the contract be in writing? - Answer John is ag...

Lori has a greed to transact real estate business on behalf of alex with his permission. Lori is: - Answer An Agent Ownership of REAL Property for an undetermined length of time is called: - Answer Freehold Estate what info would be unethical for a listing agent to tell the potential buyer...

What year was the Real Estate Commision for TN formed? - Answer 1951 Licenses, registers and regulates real estate brokers and affiliate brokers, real estate firms, rental location agents, time-share salespersons and developments, vacation clubs and vacation lodging services. - Answer Respons...

When an earnest money check is deposited, what information does Tennessee require be recorded and maintained? - Answer Who provided the funds (the depositor) A principal broker in Tennessee is required ______ for all transactions in which affiliated licensees participate. - Answer Review and ...

What is the name of the Tennessee real estate regulatory body? a) Division of the Tennessee Real Estate B) Tennessee Real Estate Commission C) Board of Real Estate Regulators D) Tennessee Real Estate Board - Answer B How many members are on the Tennessee Real Estate Commission? A) 10 B) ...

TN real estate broker license act of 1973 - Answer The R.E. laws purpose is to protect the general public in real estate transactions Acquisition Agent - Answer is licensed. attempts directly to encourage any person to attend a sales presentation for a time share program (Ex: Gatlinburg peopl...

TREC can hold as many meetings as it deems necessary throughout the year, but it must have a minimum of three meetings. Where must these meetings take place? - Answer One in each, West, middle, east division Gideon is planning to run a full-page ad in the Knoxville newspaper to promote his open...

Who of the following is required to have a real estate license? - Answer B. Neighbor helping an owner sell his house in exchange for the seller's sewing machine How often does the Tennessee Real Estate Commission (TREC) meet? - Answer D. Once a month for up to three days a month In Tennes...

A licensee is a person who has satisfied the requirements of the employing broker. True or False - Answer False Improvements, such as water lines and storm sewers, made on public lands to serve a new development are called off-site improvements True or False - Answer True residentia...