State Questions and answers graded A+ 2023 passed

State Questions and answers graded A+ 2023 passedWhich of the following statements is true regarding timeshare estates in Tennessee? - correct answer Timeshare estates can be sold or passed down to heirs. Of the nine members of the Tennessee Real Estate Commission, how many aren't current or former real estate professionals? - correct answer Two A Tennessee license expired more than 120 days but less than one year due to failure to comply will be subject to an additional penalty fee of ______ . - correct answer $100 per 30 day period How many members of TREC are licensed real estate brokers or affiliate brokers in Tennessee? - correct answer Seven Andrea is meeting with a sales agent this afternoon to tour a property. She hasn't signed a buyer representation agreement, but she has looked at several properties with the same sales agent. What kind of agency representation does Andrea have? - correct answer No agency Tennessee and federal fair housing laws share a similar exemption regarding non-commercial housing owned and operated by ______, but Tennessee doesn't include private clubs in that exemption. - correct answer Religious organizations and non-profits Which of the following items is included on both the commercial and residential purchase and sale agreements? - correct answer Amount of earnest money Mary and Shawn are both Tennessee affiliate brokers working under Lawrence at Broker One. Mary represents the buyer and Shawn represents the seller as designated agents in a sale that's scheduled to close in two weeks. Who's the dual agent in this transaction? - correct answer No one The members of TREC select a/n ______ and ______ of the commission. - correct answer Chairperson, vice chairperson What is an action a Tennessee affiliate broker can take to avoid commingling funds they receive? - correct answer Immediately turn over funds received to their principal broker.