100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
TN REAL ESTATE STATE PRACTICE EXAM QUESTIONS & ANSWERS (RATED A+) $15.99
Add to cart
Quickly navigate to
Preview
  2.  
  3. TN REAL ESTATE STATE
  4.  
  5. TN REAL ESTATE STATE

Exam (elaborations)

TN REAL ESTATE STATE PRACTICE EXAM QUESTIONS & ANSWERS (RATED A+)
 0 purchase
  • Course
  • TN REAL ESTATE STATE
  • Institution
  • TN REAL ESTATE STATE

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? - ANSWEROne in each, West, middle, east division Gideon is planning to run a full-page ad in the Knoxville newspaper to promote his open h...

[Show more]

Preview 2 out of 8  pages

Document information

  • March 13, 2025
  • 8
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • tn real estate state practice exam questions ans
  • tn real estate state practice
  • trec can hold as many meetings as it deems necess
  • gideon is planning to run a full page ad in the kn

Written for

  • TN REAL ESTATE STATE
  • TN REAL ESTATE STATE

Seller

avatar-seller
nursingismylife

Reviews received

Content preview

TN REAL ESTATE STATE PRACTICE
EXAM QUESTIONS & ANSWERS
(RATED A+)
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? -
ANSWEROne in each, West, middle, east division

Gideon is planning to run a full-page ad in the Knoxville newspaper to promote his
open house in two weeks. He'll be offering a free overnight stay at a local resort to
the winner of the door prize. Which of the following is a true statement? -
ANSWERGideon's ad must clearly state the value and all qualifications and accurate
specifications of the prize.

A principal broker in Tennessee is required to ______ for all transactions in which
affiliated licensees participate. - ANSWERReview and approve transactional
documents and agreements

Real estate licensees may offer gifts or prizes to buyers, sellers, or lessees under
certain conditions. What is one of those conditions? - ANSWERThe market value of
the gift is disclosed.

All funds entrusted to a Tennessee licensee on behalf of another party in the practice
of real estate are by definition _____ - ANSWERTrust funds

The ______ enforces federal fair housing laws at the state level in Tennessee. -
ANSWERTennessee Human Rights Commission

TREC can't be held legally responsible for damages if a consumer sues the
commission. This gives TREC immunity from _____ - ANSWERCivil liability


How many members of TREC are licensed real estate brokers or affiliate brokers in
Tennessee? - ANSWER7

Ralph is a broker whose license was suspended when one of his affiliated brokers
committed a violation. This is mostly likely because ______ - ANSWERRalph either
knew about the violation or is guilty of failure to supervise

Mike is applying for an affiliate broker license. What type of written examination
requirement does this type of license have? - ANSWERThe applicant must pass the
national and state exams with a score of 70% or greater.

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

, Who's entitled to reimbursement from the Real Estate Education and Recovery
Account? - ANSWERA member of the public who's been granted a judgment against
a licensee

Which of these must Tennessee licensees disclose relative to specific real estate
transactions handled by their brokerages? - ANSWERImmediate family relationships

Which violation is likely to result in license revocation? - ANSWERCriminal actions

Ted and Tanya, Tennessee buyers, are represented by Brooke Sales. They want to
make an offer on a home and give Brooke a check for $5,000 for earnest money.
The check is post-dated for a week. Ted explains, "We have the money, but I need
to shuffle a few things around before this check is good." Can Ted and Tanya do
this? - ANSWERNo. Earnest money needs to be able to be deposited immediately,
so a post-dated check won't work.

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

In addition to a firm real estate license and a principal broker, what else must real
estate firms have to meet Tennessee firm license requirements? - ANSWERA
physical location and facility that can adequately accommodate affiliated licensees

Which of the following would you need to disclose about a listed property? -
ANSWERYour stepfather is the property owner.

Elana is marketing a new listing. What must she obtain before posting a for sale sign
in the seller's yard? - ANSWERThe seller's written permission

A default to facilitator policy is an attempt to avoid what? - ANSWERDual agency

Dual agency - ANSWERreal estate scenario where a real estate agent represents
both the buyer and seller on the same transaction. Rather than split the commission
between buyer agent and listing agent — as a transaction normally would — dual
agency gives the entire sum to one agent.

As a security precaution, which of the following should Tennessee licensees do? -
ANSWERLimit the amount of personal information they post.

What must all agreements and contracts have per the Tennessee Real Estate
Commission? - ANSWERTermination date

Donnie is the buyer's agent for a transaction in which May (from a different
brokerage) listed her seller client George's property. From whom will Donnie receive
his compensation? - ANSWERFrom his own broker

Addison didn't make an on-site inspection of the timeshare project prior to signing
the contract. She's now signed the contract but a little voice inside her head is telling

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller nursingismylife. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $15.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

70113 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 15 years now

Start selling

Recently viewed by you

Summary ·

(0)

Zeer volledige samenvatting van Psychodynamische Therapie ('22-'23)

Exam (elaborations) ·

(0)

WGU D316 IT Foundations Exam Questions And Answers 2025 Update.

Exam (elaborations) ·

(0)

CCRC Exam, ACRP CCRC EXAM PREP, CCRC Exam Prep, ACRP CCRC, *CCRC Study Set

Exam (elaborations) ·

(0)

PDB CEN Practice Exam Questions and Answers Updated Version 2024

Exam (elaborations) ·

(0)

BIOD 152 Module 6 Exam 28 Questions and Answers- Portage Learning

Exam (elaborations) ·

(0)

Test Bank for Advanced Financial Accounting 7th Edition Beechy.

Exam (elaborations) ·

(0)

PSYC 132 quiz 4 Exam Questions And Answers 100% Guaranteed Pass.

Exam (elaborations) ·

(0)

Radiation Therapy Chapter 1 Exam Questions and Answers 100% Pass

Summary ·

(1)

Summary Qualitative Research Methods for Intern. (424012-B-6) MTO-E
$15.99
  • (0)
Add to cart
Added