REAL ESTATE TN STATE EXAM WITH CORRECT
ACTUAL QUESTIONS AND CORRECTLY WELL
DEFINED ANSWERS LATEST ALREADY GRADED
A+
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Terms in this set (229)
What is the name of the TN real Tennessee Real Estate Commission
estate regulatory body
How many members are on the TREC 9
How long do the members of TREC 5 years
serve
, What is the purpose and mission of To license and regulate real estate brokers and
TREC affiliate brokers; to license and regulate time-share
salespersons; to license and regulate real estate
firms
TREC Is charged with what statutory The commission is authorized to promulgate rules
duties? and regulations; Carry out the provisions of the TN
Broker License Act of 1973
IN TN, who is required to hold a real Real Estate Brokers and Real Estate affiliate brokers
estate license?
What is the most important A person who acts on their own behalf
exemption from the licensing
requirements?
Does TN recognize licensure in other No, TN no longer has reciprocity agreements with
states? any state
What is the difference between an An affiliate broker is typically a sales person; a
affiliate broker and a principal principle broker is responsible for all licensees in
broker? their firm; a principal can also be a sales person
Can there be more than one broker in Yes, principle brokers can employ brokers; there
any given office? can only be one principle broker per office
Can a corporation or partnership a partnership or corporation may be granted a firm
receive a real estate license? license if the application is on parole or probation
What reasons permit the REC to deny the applicant makes a false statement of any
a license? material fact on an application; the applicant was
convicted of obtaining money under false pretenses
ACTUAL QUESTIONS AND CORRECTLY WELL
DEFINED ANSWERS LATEST ALREADY GRADED
A+
Play your way to mastery with fun games
Match Blocks Charms NEW
Terms in this set (229)
What is the name of the TN real Tennessee Real Estate Commission
estate regulatory body
How many members are on the TREC 9
How long do the members of TREC 5 years
serve
, What is the purpose and mission of To license and regulate real estate brokers and
TREC affiliate brokers; to license and regulate time-share
salespersons; to license and regulate real estate
firms
TREC Is charged with what statutory The commission is authorized to promulgate rules
duties? and regulations; Carry out the provisions of the TN
Broker License Act of 1973
IN TN, who is required to hold a real Real Estate Brokers and Real Estate affiliate brokers
estate license?
What is the most important A person who acts on their own behalf
exemption from the licensing
requirements?
Does TN recognize licensure in other No, TN no longer has reciprocity agreements with
states? any state
What is the difference between an An affiliate broker is typically a sales person; a
affiliate broker and a principal principle broker is responsible for all licensees in
broker? their firm; a principal can also be a sales person
Can there be more than one broker in Yes, principle brokers can employ brokers; there
any given office? can only be one principle broker per office
Can a corporation or partnership a partnership or corporation may be granted a firm
receive a real estate license? license if the application is on parole or probation
What reasons permit the REC to deny the applicant makes a false statement of any
a license? material fact on an application; the applicant was
convicted of obtaining money under false pretenses
