Exam (elaborations)
Tennessee Real Estate Unit 1 Questions and Answers Fully Solved
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Tennessee Real Estate Unit 1
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Tennessee Real Estate Unit 1A licensed real estate broker is permitted to charge a fee for providing services involving
real estate EXCEPT
A)
exchanging.
B)
selling.
C)
appraising.
D)
leasing. - answer Appraising
A person who performs a visual survey of a property structure and writes a report for a buyer is
A)
an educator.
B)
a property manager.
C)
an appraiser.
D)
a home inspector. - answerA home inspector
Information including age, education, behavior, and other characteristics of members in a certain population is
A)
population analysis.
B)
household data.
C)
family lifestyles.
D)
demographics. - answerdemographics
National Association of Real Estate Brokers (NAREB)
A)
members are known as Realtists. B)
no longer concerns itself with equal housing opportunity.
C)
members are known as REALTORS®.
D)
is part of the National Association of REALTORS®. - answermembers are known as Realtists
A real estate professional who helps clients choose among the various alternatives involved in purchasing, using, or investing in property is a
A)
real estate counselor.
B)
real estate educator.
C)
home inspector.
D)
real estate appraiser. - answerreal estate counselor
Residential real estate includes
A)
property used for single-family or multifamily housing in urban and suburban areas.
B)
property used for single-family or multifamily dwellings, whether in urban, suburban, or rural areas.
C)
single-family, multifamily, and mixed-use properties.
D)
property used for single-family housing only. - answerproperty used for single-family or multifamily dwellings, whether in urban, suburban, or rural areas
Many trade organizations serve the real estate business. The largest is the
A)
National Organization of REALTORS® (NOR).
B)
National Association of Real Estate Agents (NAREA).
C)
American Realty Association (ARA).
D)
National Association of REALTORS® (NAR). - answerNational Association of Realtors (NAR)
MOST real estate transactions involve
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