Tn affiliate broker exam Study guides, Class notes & Summaries

PSI TN (State) Exam Questions & Answers 2023/2024 What is the purpose of an escrow account? - ANSWER-Keep money that doesn't belong to you SEPARATE from personal account/money Who is responsible for looking after Escrow Accounts for property? - ANSWER-Broker Another name for Escrow Money (earnest money, security deposits) is_________? - ANSWER-Trust Money When a Broker gets Escrow/Trust money and deposit into the Escrow Account they MUST do what as well? - ANSWER-The Broker must wr...

A lien is an example of a/an...? - Encumbrance - Entitlement - Estoppel - Escheatment Encumbrance If a property has both a tax lien and a mortgage lien against it, which lien has priority (generally speaking)? - Tax lien - Mortgage lien - They have equal priority - Whichever lien was filed first Tax lien A lien that is not tied to a specific piece of real estate is called a...? - General lien - Non-specific lien - Statutory lien - Tax lien General lien T...

real estate Includes land plus improvements and appurtenances, which include rights, privileges, and fixtures 1. Surface rights 2. Air rights 3. Subsurface rights, including mineral Personal Property Everything that is not real estate 1. To transfer, must be in the Purchase and Sale 2. If not in writing, the seller may take the personal property even if it was listed in the MLS 3. Example: freestanding refrigerator Metes and Bounds Description using directions and ...

TN RE laws and regulations are primarily contained in: 1. The TN RE Broker Act of 1973 2. Rules of the TN RE CommissionUni Other laws relevant to RE licensees include: Uniform Landland and Tenant Act Horizontal Propert Act Notice of Completion Statute TN Lead-based Paint Certification Act of 1997 Hazardous Waste Mgt Act of 1983 TN Consumer Protection Act of 1977 TN Anti-trust Law Conveyances of Property Time-share Programs and Vacation Clubs Human Rights What is the pur...

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

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

AFFILIATE BROKER TN STATE PRACTICE EXAM WITH 100% CORRECT ANSWERS

TN Real Estate Affiliate Broker exam with 100% correct answers.

REE TN Affiliate Broker Law Exam With 100% Correct Answers 2024

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 ...