TENNESSEE STATE EXAM QUESTIONS
& ANSWERS (RATED A+)
Tennessee Real Estate License Law is administered by the - ANSWERTennessee
Real Estate Commission (TREC)
Members of the TN real estate commission are selected by the - ANSWERGovernor
What is an authorized activity of TREC - ANSWERMaking & enforcing rules by which
licensees must abide
A commissioners term of appointment lasts - ANSWER5 years
How many members make up TREC - ANSWER9
What is not a valid reason for TREC to investigate a licensee? - ANSWERRandom
selection
What is the penalty for engaging in real estate activities without an active real estate
license? - ANSWERCivil penalty for as much as $1,000 per violation and any other
penalties provided by law.
Affiliate broker Peter renewed his license 2 years ago. What must he do to renew it a
second time? - ANSWERComplete 16 hours continuing education over the current 2
year license period to renew for the next 2 year period
How long does a licensee have to reinstate an expired license before they are
required reapply for licensure? - ANSWER1 year
What can't the commission do with respect to a nonresident license? -
ANSWERRequire the nonresident licensee to move to TN
Out of the 9 members that make u TREC, how many are licensed or affiliate
brokers? - ANSWER7
Out of the 9 members on TREC, the 2 non license members are selected -
ANSWERfrom different grand divisions
The TREC meets - ANSWEROnce a month
Besides the executive director, TREC is served by - ANSWERLegal counsel and a
director of education
The TREC is apart of the TN Dept of - ANSWERCommerce and Insurance
, Under TN Law you must be a licensed real estate broker or affiliate broker to -
ANSWERmanage lease offices for the owner or broker.
You must have a real estate license - ANSWERif you are a neighbor helping to sell a
neighbors house in exchange for a sellers motorcycle
Real property security dealers in TN must - ANSWERbe a licensed real estate
broker
A requirement for a partnership, association or corporation to be granted a real
estate firm license is - ANSWERthe broker holds a current license
A real estate license is NOT a requirement in TN to resell a - ANSWERMobile home
People engaged in real estate activities are required to have a real estate license
except - ANSWERAttorneys disposing of a clients property
Teddy Bukov works for Candice Jan Reality. His job includes coordinating office
paperwork flow, preparing forms, hiring and supervising the clerical personnel. He is:
- ANSWERexempt from real estate licensing requirements
Applications for any real estate license in TN must - ANSWERbe completed within 6
months of taking and passing the exam
Ruthie Lamb passed her TN real estate exam on Dec 1, 2019. What is the last day
she can apply for her affiliate brokers license? - ANSWERJune 30, 2020
What is not required to obtain a brokers license in TN - ANSWERHaving actively
been engaged as a licensed affiliate broker for at least 4 years
Nelson Lamb offers to help sell his neighbors house, even though he hasn't started
pre-licensing course yet. The neighbor says she will give Nelson a 3% commission.
An odder is accepted while Nelson is in class, and the deal closes the day before
Nelson receives his license. Then the neighbor refuses to pay Nelson. Can Nelson
sue for payment? - ANSWERNo. State law does not allow lawsuits to collect
commission unless the injured party is a licensed broker and the license was in
effect prior to the agreement.
You need a real estate brokers license in order to - ANSWERNegotiate the sale of
an entire business, including equipment and buildings.
If Sarah wants to sell her own house - ANSWERshe does not need a license
To apply for a real estate license in TN an applicant must - ANSWERRequest a
hearing with the commission if the applicant has a prior criminal record other than
driving offenses
What is required to obtain an affiliate brokers license in TN? - ANSWERSuccessful
completion of a 60 hour course in general real estate principles and 30 hour course
for new affiliates, pass the state exam and be sponsored by a licensed broker
& ANSWERS (RATED A+)
Tennessee Real Estate License Law is administered by the - ANSWERTennessee
Real Estate Commission (TREC)
Members of the TN real estate commission are selected by the - ANSWERGovernor
What is an authorized activity of TREC - ANSWERMaking & enforcing rules by which
licensees must abide
A commissioners term of appointment lasts - ANSWER5 years
How many members make up TREC - ANSWER9
What is not a valid reason for TREC to investigate a licensee? - ANSWERRandom
selection
What is the penalty for engaging in real estate activities without an active real estate
license? - ANSWERCivil penalty for as much as $1,000 per violation and any other
penalties provided by law.
Affiliate broker Peter renewed his license 2 years ago. What must he do to renew it a
second time? - ANSWERComplete 16 hours continuing education over the current 2
year license period to renew for the next 2 year period
How long does a licensee have to reinstate an expired license before they are
required reapply for licensure? - ANSWER1 year
What can't the commission do with respect to a nonresident license? -
ANSWERRequire the nonresident licensee to move to TN
Out of the 9 members that make u TREC, how many are licensed or affiliate
brokers? - ANSWER7
Out of the 9 members on TREC, the 2 non license members are selected -
ANSWERfrom different grand divisions
The TREC meets - ANSWEROnce a month
Besides the executive director, TREC is served by - ANSWERLegal counsel and a
director of education
The TREC is apart of the TN Dept of - ANSWERCommerce and Insurance
, Under TN Law you must be a licensed real estate broker or affiliate broker to -
ANSWERmanage lease offices for the owner or broker.
You must have a real estate license - ANSWERif you are a neighbor helping to sell a
neighbors house in exchange for a sellers motorcycle
Real property security dealers in TN must - ANSWERbe a licensed real estate
broker
A requirement for a partnership, association or corporation to be granted a real
estate firm license is - ANSWERthe broker holds a current license
A real estate license is NOT a requirement in TN to resell a - ANSWERMobile home
People engaged in real estate activities are required to have a real estate license
except - ANSWERAttorneys disposing of a clients property
Teddy Bukov works for Candice Jan Reality. His job includes coordinating office
paperwork flow, preparing forms, hiring and supervising the clerical personnel. He is:
- ANSWERexempt from real estate licensing requirements
Applications for any real estate license in TN must - ANSWERbe completed within 6
months of taking and passing the exam
Ruthie Lamb passed her TN real estate exam on Dec 1, 2019. What is the last day
she can apply for her affiliate brokers license? - ANSWERJune 30, 2020
What is not required to obtain a brokers license in TN - ANSWERHaving actively
been engaged as a licensed affiliate broker for at least 4 years
Nelson Lamb offers to help sell his neighbors house, even though he hasn't started
pre-licensing course yet. The neighbor says she will give Nelson a 3% commission.
An odder is accepted while Nelson is in class, and the deal closes the day before
Nelson receives his license. Then the neighbor refuses to pay Nelson. Can Nelson
sue for payment? - ANSWERNo. State law does not allow lawsuits to collect
commission unless the injured party is a licensed broker and the license was in
effect prior to the agreement.
You need a real estate brokers license in order to - ANSWERNegotiate the sale of
an entire business, including equipment and buildings.
If Sarah wants to sell her own house - ANSWERshe does not need a license
To apply for a real estate license in TN an applicant must - ANSWERRequest a
hearing with the commission if the applicant has a prior criminal record other than
driving offenses
What is required to obtain an affiliate brokers license in TN? - ANSWERSuccessful
completion of a 60 hour course in general real estate principles and 30 hour course
for new affiliates, pass the state exam and be sponsored by a licensed broker
