Tennessee affiliate - Study guides, Class notes & Summaries

How long does a licensee changing affiliation have to complete required procedures with the Commission? 10 Days From whom may an affiliate broker receive compensation? From the broker he or she is affiliated with When may a licensee who has changed affiliation begin to engage in real estate transactions at the new firm? After transmitting the proper form and fees to the Commission What does an affiliate broker have to do to change affiliation from one broker to another? ...

A Tennessee licensee must use the "Exclusive Right to Sell" form required by the licensee's broker. According to the level of authority delegated to the agent, the usual real estate agency is a limited agency. When must the contract be in writing? John is agreeing to sell his shed to Shawn for $1,000. One disadvantage in using active listings for comparables is they provide somewhat dubious comparisons because listing prices are not selling prices. Why is it sometimes necessary to inclu...

A licensee negotiates the sale of a home intended for his fiancée and himself. He properly identifies himself as a licensee to the seller but neglects to disclose that he is getting married to the buyer. Do the actions of the licensee violate the license law? Yes, because a licensee cannot purchase or negotiate the sale of property in which the licensee will have a future interest. Yes, because the licensee did not disclose his possible future interest to the seller. No, because a licensee...

[CH.2] (National Math) Tennessee Affiliate Broker Pre-license Course exam with 100% correct ansJohn bought an odd-shaped lot that was 100 feet deep, but the front footage was 160 feet and the length of the back side of the lot was 80 feet. What is the square footage of his lot? 12,000 SF Terry bought a home that home that had an attached one-car garage and a screened porch that spanned the length of the home. If the garage measured 16' in depth which was half the depth of the house and ...

The Tennessee Human Rights Commission (THRC) - correct answer enforces fair housing laws in the state. Exemptions to Tennesse's Human Rights Act are: - correct answer 1. Rental of one housing unit when the building contains no more than two independent units, if the owner or a family member lives in one of the units. 2. Rental of a room or rooming unit in a housing accommodation that shares a common...

The Tennessee Human Rights Commission (THRC) correct answer: enforces fair housing laws in the state. Exemptions to Tennesse's Human Rights Act are: correct answer: 1. Rental of one housing unit when the building contains no more than two independent units, if the owner or a family member lives in one of the units. 2. Rental of a room or rooming unit in a housing accommodation that shares a common bath (and only in regards to sex as a protected class). 3. Sale, rental, or preference of a d...

Tennessee Affiliate Broker Exam Questions and answers latest update 2024

Tennessee Affiliate Broker Exam Questions and answers latest update 2024

What are littoral rights concerned with? Properties adjacent to non-moving bodies of water. Which of the following is NOT part of the bundle of rights? To steal property. Which of the following is a simple definition of real estate? Real estate is that it is air, water, land, and everything affixed to the land. The level of government that is the primary regulator of the real estate business is The State What is a "fixture?" An item of personal property that ha...

Affiliate broker Oscar discriminates, in violation of the Tennessee Human Rights Act, and also uses an earnest money check for personal use. Oscar's managing broker, Aidan, is unaware of these illegal activities. When the Commission finds out about Oscar's actions, what will be the impact on Aidan? Aidan may be disciplined for failure to exercise adequate supervision of Oscar. An affiliate broker associated with Rainbow Realty decides to purchase one of the company's listed properties...