Tennessee real estate - Study guides, Class notes & Summaries

Conditional use permit or zoning variance correct answer: A land owner wishes to build a neighborhood grocery store on a busy street in the area zoned for residential use which of the following would most likely be used to obtain permission for the store The federally subsidized flood insurance policy correct answer: Referred to the scenario in the figure book booklet see link below to answer this question should flooding occur and cause damage to the property the Parker should seek payment...

Tennessee Real Estate Exam | 45 Questions and Answers 100% Correct | New Update 2024

Tennessee real estate exam

Tennessee Real Estate Commission (TREC)

Never Correct Answer: When is it legal for the commission to set real estate commisions? An unlicensed person who receives payment for performing an activity requiring licensure is liable for Correct Answer: Up to three times the amount of the payment received. How is the Real Estate Recovery Fund funded? Correct Answer: By fees paid by applicants for license and license renewal. What is the dollar limit of the additional license renewal fee that goes toward the Real Estate Fund? Corr...

A licensee is a person who has satisfied the requirements of the employing broker. True or False - Answer False Improvements, such as water lines and storm sewers, made on public lands to serve a new development are called off-site improvements True or False - Answer True residential - Answer all property used for single-family or multifamily housing, whether in urban, suburban, or rural areas commercial - Answer business property, including office space, shopping centers...

Tennessee Real Estate Unit 1

Tennessee Real Estate Commission (TREC) Exam Questions and Answers Latest GRADED A+.docx