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Exam (elaborations)

TN real estate exam prep question and answers graded A+ already passed

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TN real estate exam prep question and answers graded A+ already passed in accordance with TN law, transaction records should be maintained for a period of - correct answer Three years a type of listing illegal in TN - correct answer A net listing TN licensee Doug wants to advertise another brokers listing. whose permission must he have to do this - correct answer The property owner what is the minimum number of years that brokers in TN must keep records of escrow/trustee accounts - correct answer Three a principal broker in TN, has a legal responsibility to review all of the following documents for accuracy and in a timely manner except - correct answer Consumer reports what does it mean to affiliate with a broker - correct answer You will work as the agent of a broker who is responsible for your actions and required to supervise you. when trust funds are deposited into an interest bearing escrow account in TN, what must first happen ? - correct answer Consent and agreement on interest distribution from the parties Ted and Tanya, Tennessee buyers, are represented by Brooke Sales. They want to make an offer on a home and give Brooke a check for $5,000 for earnest money. The check is post-dated for a week. Ted explains, "We have the money, but I need to shuffle a few things around before this check is good." Can Ted and Tanya do this? - correct answer No. Earnest money needs to be able to be deposited immediately, so a post-dated check won't work. Within how many days of a firm changing locations must the licensees who are registered with that firm send written notification to the Tennessee Real Estate Commission of their change of address, along with the change-of-address fee? - correct answer 10

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Tennessee
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Tennessee










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Institution
Tennessee
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Tennessee

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Uploaded on
July 7, 2023
Number of pages
18
Written in
2022/2023
Type
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Questions & answers

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