Tennessee law real estate - Study guides, Class notes & Summaries

TN Real Estate State Test Questions and Answers Already Passed 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 and tenants and to encourage them to maintain and improve the quality of housing. In addition, the law ensures that the righ...

TN Test 2024 All Questions With 100% Correct Answers TN real estate rules and regulations are enforced by? - Answer -TREC MLS stands for - Answer -Multiple Listing Service How many hours for pre-licensing affiliate brokers in TN is required - Answer -90 You have ___ many days to cancel a timeshare contract - Answer -15 In TN, whose licenses must be displayed in businesses office - Answer -principal broker and all affiliate brokers A housing discrimination in TN should be filed ...

A $2,400 term loan has a 10% annual interest rate. What is the monthly payment? - $20. A term loan is interest only. $2,400 × 0.10 = $240 240 ÷ 12 = $20 per month A 15-year-old boy recently inherited many parcels of real estate from his late father and has decided to sell one of them. If the boy enters into a deed conveying his interest in the property to a purchaser, such a conveyance would be - voidable A 50-year-old commercial building is located in the center of a 10-year-old reside...

What action should the seller take when an offer is rejected? Make a formal counter offer. Complete a contract rider. Complete an addendum. Note the rejection on the offer. Note the rejection on the offer. Which of the following requires a written contract? The purchase of a TV for $378.00 A real estate lease for a term less than one year A real estate lease for a term longer than one year A potential buyer visiting an open house showing A real estate lease for a term longer...

TN Real Estate State Test Questions and Answers Already Passed 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 and tenants and to encourage them to maintain and improve the quality of housing. In addition, the law ensures that the righ...

Shannon just helped Linda sell her property. When the agency relationship between Shannon and Linda terminates, can Shannon disclose confidential information that Shannon learned while Linda was her client? No, because an agent's duty of confidentiality never ends. As part of her license renewal requirement, Tamsin must complete 16 hours of continuing education. What type of license does she hold? Affiliate broker Who's entitled to reimbursement from the Real Estate Education a...

The State Regulator of real estate licensees The Tennessee Real Estate Commission Enacts rules addressing professional conduct, conducts hearings concerning violations of the Act, imposes penalties, and administers a Real Estate Recovery Fund to protect the public The Tennessee Real Estate Commission The Commission Is a judicial body. The attorney general defends the members in court. The Commission May make whatever rules it needs to enforce the Licensing Act. Th...

The State Regulator of real estate licensees The Tennessee Real Estate Commission Enacts rules addressing professional conduct, conducts hearings concerning violations of the Act, imposes penalties, and administers a Real Estate Recovery Fund to protect the public The Tennessee Real Estate Commission The Commission Is a judicial body. The attorney general defends the members in court. The Commission May make whatever rules it needs to enforce the Licensing Act. Th...

Tennessee License Law Questions and Answers Already Passed What is the purpose of the Commission rules? To enable the Commission to carry out its duties under the License Act Which law regulates the sale and promotion of vacation clubs? The Summer Act of 1967 The Tennessee Vacation Club Act of 1995 The Lake and Stream Act of 1995 The Vacations Act of 1988 The Tennessee Vacation Club Act of 1995 Which of the following is a section in the License Act? Obtaining listings Of...

Tennessee Real Estate Commission (TREC) the judicial body of real estate industry in the state of Tennessee Following discriminatory practice, you should make a complaint within _____ days. 180 time share estate an estate in real property acquisition agent person who solicits people to attend a presentation exchange agent exchange programs like RCI or Interval International purchaser anyone who buys a time share sales agent anyone who sells a time...