1 of 89
Term
What is the Tennessee Real Estate Commission specifically prohibited
from regulating?
Give this one a try later!
recording fees brokerage fees
, custodial fees brokerage name
Don't know?
2 of 89
Term
Which of the following statements about brokers in Tennessee and the
disbursement of escrow funds is true?
A) Brokers can disburse escrow funds when a transaction closes
successfully.
B) Brokers can't disburse the funds when a transaction completes
unless they get written permission.
C) Brokers can't release funds unless the real estate transaction is
successful.
D) Brokers must wait for court authorization before releasing any
escrow funds.
Give this one a try later!
A) They may be licensees or B) Timeshare estates can be sold or
consumers. passed down to heirs.
Brokers can disburse escrow
funds when a transaction closes A) amount of earnest money
successfully.
, Don't know?
3 of 89
Term
In Tennessee, how long must electronic real estate forms be kept with
the broker?
Give this one a try later!
2 years One year
Three years Five years
Don't know?
4 of 89
Term
Woody wanted to work for the new broker in town, so he filed the
paperwork necessary to affiliate with a new broker. What will happen
to his three listings and two buyer clients?
Give this one a try later!
, Woody loses all his listings and The listings and clients are put on
clients immediately upon filing. hold until woody decides.
They remain with Woody's
They automatically transfer to the original broker, unless the
new broker without any paperwork. broker agrees to other
arrangements in writing.
Don't know?
5 of 89
Term
The Tennessee Real Estate Broker License Act of 1973 protects
consumers against real estate licensees who ______.
Give this one a try later!
Use lies, misrepresentations,
fraud, or other deceptive Provide accurate information and
practices or acts to advertise or transparency in transactions.
sell real estate
Offer discounts and promotions to Conduct open houses to showcase
attract buyers. properties.
Don't know?
Term
What is the Tennessee Real Estate Commission specifically prohibited
from regulating?
Give this one a try later!
recording fees brokerage fees
, custodial fees brokerage name
Don't know?
2 of 89
Term
Which of the following statements about brokers in Tennessee and the
disbursement of escrow funds is true?
A) Brokers can disburse escrow funds when a transaction closes
successfully.
B) Brokers can't disburse the funds when a transaction completes
unless they get written permission.
C) Brokers can't release funds unless the real estate transaction is
successful.
D) Brokers must wait for court authorization before releasing any
escrow funds.
Give this one a try later!
A) They may be licensees or B) Timeshare estates can be sold or
consumers. passed down to heirs.
Brokers can disburse escrow
funds when a transaction closes A) amount of earnest money
successfully.
, Don't know?
3 of 89
Term
In Tennessee, how long must electronic real estate forms be kept with
the broker?
Give this one a try later!
2 years One year
Three years Five years
Don't know?
4 of 89
Term
Woody wanted to work for the new broker in town, so he filed the
paperwork necessary to affiliate with a new broker. What will happen
to his three listings and two buyer clients?
Give this one a try later!
, Woody loses all his listings and The listings and clients are put on
clients immediately upon filing. hold until woody decides.
They remain with Woody's
They automatically transfer to the original broker, unless the
new broker without any paperwork. broker agrees to other
arrangements in writing.
Don't know?
5 of 89
Term
The Tennessee Real Estate Broker License Act of 1973 protects
consumers against real estate licensees who ______.
Give this one a try later!
Use lies, misrepresentations,
fraud, or other deceptive Provide accurate information and
practices or acts to advertise or transparency in transactions.
sell real estate
Offer discounts and promotions to Conduct open houses to showcase
attract buyers. properties.
Don't know?
