Tennessee affiliate - Study guides, Class notes & Summaries

Broker Numberson was in the habit of preparing documents for clients. He could be liable to a charge of practicing law without a license for preparing which of the following? A deed. An inactive licensee refers his brother as a buyer to an out-of-state broker. How much money can he receive for a referral fee? None Affiliate broker Frank may have his license revoked by the commission if he: deposits a buyer's down payment in his checking account. If a seller rejects an of...

The State Regulator of real estate licensees correct answer: 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 correct answer: The Tennessee Real Estate Commission The Commission correct answer: Is a judicial body. The attorney general defends the members in court. The Commission correct answer: May make whatever ru...

What are littoral rights concerned with? correct answers Properties adjacent to non-moving bodies of water. Which of the following is NOT part of the bundle of rights? correct answers To steal property. Which of the following is a simple definition of real estate? correct answers Real estate is that it is air, water, land, and everything affixed to the land. The level of government that is the primary regulator of the real estate business is correct answers The State What is a "fixt...

The Tennessee Human Rights Commission (THRC) enforces fair housing laws in the state. Exemptions to Tennesse's Human Rights Act are: 1. Rental of one housing unit when the building contains no more than two independent units, if the owner or a family member lives in one of the units. 2. Rental of a room or rooming unit in a housing accommodation that shares a common bath (and only in regards to sex as a protected class). 3. Sale, rental, or preference of a dwelling owned, operated, or ...

The Tennessee Human Rights Commission (THRC) enforces fair housing laws in the state. Exemptions to Tennesse's Human Rights Act are: 1. Rental of one housing unit when the building contains no more than two independent units, if the owner or a family member lives in one of the units. 2. Rental of a room or rooming unit in a housing accommodation that shares a common bath (and only in regards to sex as a protected class). 3. Sale, rental, or preference of a dwelling owned, operated, or ...

Affiliate broker Oscar discriminates, in violation of the Tennessee Human Rights Act, and also uses an earnest money check for personal use. Oscar's managing broker, Aidan, is unaware of these illegal activities. When the Commission finds out about Oscar's actions, what will be the impact on Aidan? correct answer: Aidan may be disciplined for failure to exercise adequate supervision of Oscar. An affiliate broker associated with Rainbow Realty decides to purchase one of the company's liste...

Tennessee Affiliate Broker Exam| 216 Questions| With Complete Solutions

Tennessee Affiliate Broker Exam Complete Questions And Answers 2023 The Tennessee Human Rights Commission (THRC) enforces fair housing laws in the state. Exemptions to Tennesse's Human Rights Act are: 1. Rental of one housing unit when the building contains no more than two independent units, if the owner or a family member lives in one of the units. 2. Rental of a room or rooming unit in a housing accommodation that shares a common bath (and only in regards to sex as a protected class). 3...

What is the name of the Tennessee real estate regulatory body? a) Division of the Tennessee Real Estate B) Tennessee Real Estate Commission C) Board of Real Estate Regulators D) Tennessee Real Estate Board B How many members are on the Tennessee Real Estate Commission? A) 10 B) 9 C) 5 D) 15 B How many years may they serve? a) 3 years b) 5 years c) 6 years d) 4 years b What is the purpose and mission of TREC? a) to license and regulate real estate brokers and ...

Tennessee Affiliate Broker Prelicense Questions With Complete Solutions.