Tn real estate exam Study guides, Class notes & Summaries

TN Real Estate State Practice Exam With 100% Correct Answers 2023

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...

TN Real Estate Exam Questions And Answers, Over 250 Questions And Correct Answers 2023 Brokerage The business of bringing buyers and sellers together Agency The broker is hired by someone called the client to represent that client in negotiating contracts Independent Contract One who is not an employee-They are paid gross earnings and the broker does not subtract tax/S.S. from their earnings Law that passed to be treated as Independent Contractor TEFRA (Tax, Equity, Fiscal, Responsibil...

REAL PROPERTY Interests, benefits, and rights that are automatically included in the ownership of real estate. (Real Property) Refer to both the physical property and the rights of ownership, while other states still make the distinction. PERSONAL PROPERTY Personalty. All the property that can be owned and that does not fit the definition of real property. Personal property is movable. Also known as Chattles, and include such tangibles as chairs, tables, clothing, money, bonds, bank acc...

TN Real Estate Finance Exam Notes 1 Questions and Answers 100% Correct | New Update 2024

coordinate inspections and deliver documents and escrow monies to the appropriate attorney correct answers a broker or affiliate broker may perform all of the following in preparation for the closing EXCEPT may conduct the closing correct answers a broker decides he wants to conduct the closing on a all-cash sales of a property between his clients, the seller, and the buyer, his customer. with these parties, the broker receive up to $50K from the real estate education and recovery account ...

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-cash sales of a property between his clients, the seller, and the buyer, his customer. with these parties, the broker receive up to $50K from the real estate education and recovery account for the full...

TN Real Estate state practice exam questions with correct answers

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 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? - ANSWER Gideon's ad must clearly state the ...

TN Real Estate Final Exam Notes with Complete Solutions 100% Correct | New Update 2024