Tennessee (state exam)Real Estate questions with correct answers

Regulatory Powers - Answer Enable the agency to pass specific regulations and rules to support the administration of the license law Judicial Powers - Answer Enable it to conduct hearings and investigations into the activities of licensees and to rule on license suspensions or revocations Administrative Powers - Answer 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 - Answer Protect the public TREC consists of how many members? - Answer 9 Who appoints members of TREC? - Answer Governor How many years are the TREC member terms? - Answer 5 Who chooses the TREC chair, vice chair, and executive director? - Answer The commission Affiliate Broker - Answer • High school diploma • Completion of 60 classroom hours + 30 credits Broker - Answer • Must have high school, 120 classroom hours, 90 credits,