TENNESSEE (STATE EXAM) REAL ESTATE |
COMPREHENSIVE EXAM PREP, PRACTICE
QUESTIONS, CORRECT ANSWERS AND
STUDY GUIDE
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Updated 2026 Questions and Answers
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, Regulatory Powers Enable the agency to pass specific regulations and rules to support the administration of
the license law
Judicial Powers Enable it to conduct hearings and investigations into the activities of licensees and to rule
on license suspensions or revocations
Administrative Powers Enable it to establish the staff organization, records, and facilities to manage the licensing
process and the licensees themselves
Mission of the Tennessee Real Estate Commission Protect the public
TREC consists of how many members? 9
Who appoints members of TREC? Governor
How many years are the TREC member terms? 5
Who chooses the TREC chair, vice chair, and executive The commission
director?
Affiliate Broker • High school diploma
• Completion of 60 classroom hours + 30 credits
Broker • Must have high school, 120 classroom hours, 90 credits,
Time Share Salesperson • High school diploma
• 30 classroom hours
Only take state part of PSI exam
Contract Agreement between 2 or more parties who, in a "meeting of the minds" have pledged to
perform or refrain from performing some act
Exclusive Listing Agreement Legally enforceable real estate agency agreement between a real estate broker and a
client, authorizing a real estate licensee to act as a parties exclusive agent for the
purchase, sale, or lease of real estate
COMPREHENSIVE EXAM PREP, PRACTICE
QUESTIONS, CORRECT ANSWERS AND
STUDY GUIDE
| GRADED A+ | GUARANTEED SUCCESS
Updated 2026 Questions and Answers
100% Verified Exam Prep
, Regulatory Powers Enable the agency to pass specific regulations and rules to support the administration of
the license law
Judicial Powers Enable it to conduct hearings and investigations into the activities of licensees and to rule
on license suspensions or revocations
Administrative Powers Enable it to establish the staff organization, records, and facilities to manage the licensing
process and the licensees themselves
Mission of the Tennessee Real Estate Commission Protect the public
TREC consists of how many members? 9
Who appoints members of TREC? Governor
How many years are the TREC member terms? 5
Who chooses the TREC chair, vice chair, and executive The commission
director?
Affiliate Broker • High school diploma
• Completion of 60 classroom hours + 30 credits
Broker • Must have high school, 120 classroom hours, 90 credits,
Time Share Salesperson • High school diploma
• 30 classroom hours
Only take state part of PSI exam
Contract Agreement between 2 or more parties who, in a "meeting of the minds" have pledged to
perform or refrain from performing some act
Exclusive Listing Agreement Legally enforceable real estate agency agreement between a real estate broker and a
client, authorizing a real estate licensee to act as a parties exclusive agent for the
purchase, sale, or lease of real estate
