Tennessee license law Study guides, Class notes & Summaries

Ch. 1 - Tennessee License Law(question and answers)graded A+ 2023How many of the members of the Commission may come from the real estate industry? - correct answer 7 Which rule applies to the appointment of a full-time director of education? - correct answer The person must be a college graduate. What is the purpose of The Real Estate Act? - correct answer To protect the public against harmful acts by licensees If the Recovery Fund currently has $612,000 on-hand, what would be the most ...

Tennessee Real Estate Commission (TREC) Real Estate Education and Recovery Fund The primary purpose of a license law is to protect consumers - you know, the people whom you're serving! That includes buyers, sellers, tenants, and property owners. Why We Need a License Law The Tennessee Real Estate Broker License Act of 1973I In Tennessee, the license law is called the in order to create rules for real estate professionals. These rules are meant to protect the public again...

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...

What is the purpose of the Commission rules? Correct Answer: 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 Correct Answer: The Tennessee Vacation Club Act of 1995 Which of the following is a section in the License Act? Obtaining listings Office management Selling and marketing ...

TREC may impose a civil penalty on unlicensed persons of up to what amount per violation per day? A) $3,000. B) $1,000. C) $4,000. D) $2,000. Correct Answer: B) $1,000. Regarding E&O coverage for the firm, A) the minimum coverage must be at least $1,000,000. B) the amount of coverage is determined by the number of affiliated licensees. C) E&O coverage is not required, but bonding is. D) E&O coverage is not required. Correct Answer: D) E&O coverage is not required. 2 Should a licen...

TIES - Answer Statewide communications network to help the exchange of information regarding crimes NCIC - Answer National Crime Information Center National Crime Information Center - Answer Nationwide information system established to help criminal justice agencies NLETS - Answer National Law Enforcement Telecommunications System National Law Enforcement Telecommunications System - Answer the international justice and public safety network TIES Net - Answer A secure site to provi...

MPOETC CERTIFICATION TEST/151 QUESTIONS AND ANSWERS (A+) 1st Amendment (1791) - √Answer :Freedom of speech, religion and press and the right to petition Quiz :2nd Amendment (1791) - √Answer :Right to bear arms Quiz :3rd Amendment (1791) - √Answer :The government may not house soldiers in private homes without consent of the owner Quiz :4th Amendment (1791) - √Answer :Freedom from unreasonable search and seizures Quiz :5th Amendment (1791) - √Answer :Double jeopardy, ...

TN State Law Exam- Funeral Directing 2022 Questions and Answers This is the person who is legally entitled to authorize cremation, funeral service, and dispositions: authorizing agent Can a licensed funeral director authorize a cremation? NO This is the heating process where a body is reduced to bone fragments by combustion or evaporation? cremation This is the building that houses one or more cremation chambers this also includes the term "crematorium": crematory This is the preser...

COMPLETE TEST BANK (Complete) Cosmetology TN| TN Cosmetology| Cosmetology TN State Law Exam| Tennessee Cosmetology State Board Questions and Answers (Verified Answers) 2024 Guide / Score A+ Table of Contents Cosmetology TN State Law Exam 2024 2 TN Cosmetology Laws and Rules Exam 15 TN Cosmetology Laws and Rules Exam 25 State Laws Cosmetology TN Questions 30 TN State Law of Cosmetology Exam 36 Tennessee State Law Of Cosmetology Questions 46 Tennessee State Law Of Cosmetology Exam 52 T...

TN State Law Exam- Funeral Directing 2022 Questions and Answers This is the person who is legally entitled to authorize cremation, funeral service, and dispositions: authorizing agent Can a licensed funeral director authorize a cremation? NO This is the heating process where a body is reduced to bone fragments by combustion or evaporation? cremation This is the building that houses one or more cremation chambers this also includes the term "crematorium": crematory This is the preser...