Fili - Study guides, Class notes & Summaries

1. Tim, a Tennessee licensee, is affiliated with principal broker Ashton. After a team meeting, Tim asked him "Why do we need to keep purchase documents and closing statements?" Ashton's response should be ______. "Tennessee law requires I keep records relating to any real estate transaction or else risk my license being revoked." 1. As part of her license renewal requirement, Tamsin must complete 16 hours of continuing education. What type of license does she hold? Affiliate broke...

TN New Affiliate Broker Unit 1 Test Exam With 100% Correct Answers 2024

TN Real Estate Affiliate Broker Exam Questions With 100% Correct Answers 2024

How many hours are required for AF Broker exam 90 Another name for escrow account Trust account What responsibility does a broker have when a licensee wants to change brokerages? Immediately sign TREC's Transfer, Release and Change of Status Form to release the licensee. Why do residential and commercial real estate purchases in Tennessee require different contracts? To provide the proper legal protections to the parties involved. You're the seller's agent for ...

A woman passed the affiliate broker examination and is eager to begin listing and selling homes. What can she do? Apply for a license on the forms provided by the TREC and wait to receive it. A broker has several branch offices. Which is true regarding the management? Each branch office must be under the supervision of a broker licensed at that address. To create an agency relationship, there must be a written bilateral agreement. A licensed affiliate broker wants to incl...

1. The fewer properties on the market, the greater the scarcity. What's the effect on prices? Prices are pushed upward 1. Frank owns a property on which there is walkway to the beach shared by his neighbors on either side. What is Frank's property? · Servient estate 1. Simon is looking for a facility for a large grocery distribution operation. He found two options, one of which is offering him a triple net lease, and the other an absolute net lease. Why is his attorney arguing...

the type of listing contract that a seller gives to one firm yet the seller retains the right to find a buyer him/herself and not pay a commission is a(an) Exclusive agency agreement a listing broker is usually what a ________ agent. a special agent the written agreement between the broker and licensee describing the obligations and responsibilities of the relationship is called: independent contractor agreement a property manager is usually a__________ agent a general a...

c. A, B, and D are incorrect because a 314(a) request is an information sharing procedure authorized by section 314(a) of the USA PATRIOT Act. Section 314(a) authorizes a federal, state, local, or foreign law enforcement agency investigating terrorism or money laundering to request that FinCEN solicit, on its behalf, certain information from banks and other financial institutions about an individual, entity or organization about which the law enforcement entity is seeking information. - A...

FINRA Series 24 (times and/or deadlines for reporting & filing) fully solved