TENNESSEE REAL ESTATE STUDY GUIDE QUESTIONS AND
ANSWERS GUARANTEE A+ 2025/2026
✔✔24 months from the date of the license - ✔✔30. As of July 1, 2005 what is the
expiration date of each brokers license in Tennessee?
✔✔Have held an active affiliate broker's license for Atleast 3 years, complete 120 hours
of approved education (30 hours of which must be the broker office management
course) and receive permission from the commission to take the can - ✔✔31. In order to
take the broker's license exam in Tennessee, a candidate must be at lease 18 years of
age and
✔✔Civil penalty of up to $1,000 per day for each separate violation in addition to other
penalties provided by law - ✔✔32. An unlicensed individual who engaged in activities
that require real estate license is subject to which of the follow penalties?
✔✔16 hours, four of which must be the Core Course - ✔✔33. An applicant receives her
real estate license in July of 2005. She has never been licensed before. How many
continuing education hours must she take prior to renewing her license?
✔✔Have completed 16 hours of education: the current four-hour Core Course and 12
additional hours of continuing education in the current two-year license period to renew
for the next two-year license period - ✔✔34. An affiliate broker renewed his license two
years ago. Now in order to renew a second time, the affiliate broker must
✔✔There is no "free" time - ✔✔35. licensee who allows his or her license to expire has
how long to reinstate the license without monetary penalty?
✔✔Errors and omissions insurance expired in the last day of each even numbered year.
Starting July 1, 2005, licenses expire 2 years from the date of insurance - ✔✔36. In
Tennessee, when do real estate licenses and errors and omissions insurance expire?
✔✔There are no mandatory requirements - ✔✔37. After the first insurance of an affiliate
brokers license, what mandatory class is required during the first year?
✔✔Require a nonresident licensee to move to Tennessee - ✔✔38. With respect to
nonresident license the commission in its discretion may do all of the following EXCEPT
✔✔Your name, company name, and your representational status - ✔✔39. When calling
another real estate company to show one of their properties to your buyer client, what
information must you disclose to the listing agent on your first contact?
,✔✔Responding to general questions about the price and location of a specific property
as limited by the broker - ✔✔40. Which of the following may an unlicensed assistant
perform under the Tennessee license law?
✔✔Ministerial acts - ✔✔41. Routine services that do not create an agency or broker
relationship are referred to as
✔✔Explain simple contract documents to prospective buyers. - ✔✔42. In Tennessee, an
unlicensed real estate assistant may perform all of the follow activities EXCEPT
✔✔May insert factual information into contract forms under the employing brokers
supervision and approval - ✔✔43. Personal real estate assistants in Tennessee
✔✔Only another licensed agent within XYZ Realty May hold the open house for this
affiliate broker. - ✔✔45. An affiliate broker with XYZ Realty has scheduled to hold an
open house on one of his listings this coming Saturday. On Friday, he learn he must go
out of town and need to find someone else to hold his open house in his place. Which of
the following is true?
✔✔Unlock a property for a customer under the direction of the agent - ✔✔46. An
unlicensed real estate assistant may
✔✔Act as a go-between with the buyer and seller for the affiliate broker - ✔✔47. A
unlicensee's assistant may not
✔✔Make cold calls for the affiliate broker - ✔✔48. An unlicensed assistant may do all
the following EXCEPT
✔✔Be paid on the basis of the employing licensee's real estate activity - ✔✔49. An
unlicensed assistant may not
✔✔The affiliate broker and his managing broker just approve the ads prior to being
placed in the local news paper - ✔✔50. A part time unlicensed assistant works for an
affiliate broker. The assistant wrote three ads. Did the affiliate and places them in a local
paper. Which of the following is true?
✔✔Both M and J were in violation of the law - ✔✔51. Two licensed affiliate brokers, M
and J, work for XYZ Realty. M gave J $100 for holding an open house for him last
Saturday. In this situation
✔✔Be paid on commission basis by the broker of the firm for work performed for other
agents within the same firm if the work requires a license - ✔✔52. Licensed real estate
assistants may
, ✔✔File an irrevocable consent agreement with the commission - ✔✔53. If a person
obtains a Tennessee reciprocal (nonresident) real estate license, he or she must
✔✔An irrevocable consent to suit - ✔✔54. What must a non resident license applicant
file with the commission?
✔✔Should have deposited the money in the broker's escrow or trust account - ✔✔55. A
broker received a buyers Ernest money check for $5,000 and immediately cashed it. At
closing, the broker handed the seller a personal check drawn on the brokers own bank
account for $5,300, representing the original earnest money plus six percent interest.
The broker
✔✔Immediately provide a copy of the agreement and receipt for the deposit to the
buyers - ✔✔56. A broker has obtained an offer to purchase a residence that is listed
with his firm. After the buyers sign a purchase and sale agreement and the broker
accepts their earnest money deposit, the broker must
✔✔Must have an affiliate broker's or broker's license - ✔✔57. The on site property
manager for Acme Apartments is responsible for negotiating leases for the apartments.
In this position the on-site manager
✔✔No particular hearing on a contract is required by law in Tennessee - ✔✔58. State
law requires that a preprinted offer to purchase that is intentional to become a binding
contract have which if the following headings?
✔✔Buy the property at the agreed upon figure at anytime during the 90 days. - ✔✔59. A
broker wants to list property but is getting a lot of competition from other brokers who
would also like to list it. The broker offers the seller to the following inducement to sign
his listing agreement: "I'll buy your property of it doesn't sell in 90 days." With this
inducement, the broker must do all of the following EXCEPT
✔✔Exclusive-right-to sell agency - ✔✔60. Which of the following agreements must be in
writing?
✔✔18 - ✔✔61. In Tennessee, the age of legal competence is
✔✔Broker J - ✔✔62. Broker M shows broker J's listing. Along with an offer to purchase,
Broker M receives $2,000 earnest money from a buyer. Broker M retains the earnest
money with Broker J's permission and leaves the country, never to be heard from again.
The buyers complain to the real estate commission and show the receipt that Broker M
gave them for the earnest money. Who is responsible for the earnest money if broker M
cannot be found?
✔✔Discourse the funds in a proper manner without unreasonable delay - ✔✔63. When
disbursing funds from an escrow account, the broker should
ANSWERS GUARANTEE A+ 2025/2026
✔✔24 months from the date of the license - ✔✔30. As of July 1, 2005 what is the
expiration date of each brokers license in Tennessee?
✔✔Have held an active affiliate broker's license for Atleast 3 years, complete 120 hours
of approved education (30 hours of which must be the broker office management
course) and receive permission from the commission to take the can - ✔✔31. In order to
take the broker's license exam in Tennessee, a candidate must be at lease 18 years of
age and
✔✔Civil penalty of up to $1,000 per day for each separate violation in addition to other
penalties provided by law - ✔✔32. An unlicensed individual who engaged in activities
that require real estate license is subject to which of the follow penalties?
✔✔16 hours, four of which must be the Core Course - ✔✔33. An applicant receives her
real estate license in July of 2005. She has never been licensed before. How many
continuing education hours must she take prior to renewing her license?
✔✔Have completed 16 hours of education: the current four-hour Core Course and 12
additional hours of continuing education in the current two-year license period to renew
for the next two-year license period - ✔✔34. An affiliate broker renewed his license two
years ago. Now in order to renew a second time, the affiliate broker must
✔✔There is no "free" time - ✔✔35. licensee who allows his or her license to expire has
how long to reinstate the license without monetary penalty?
✔✔Errors and omissions insurance expired in the last day of each even numbered year.
Starting July 1, 2005, licenses expire 2 years from the date of insurance - ✔✔36. In
Tennessee, when do real estate licenses and errors and omissions insurance expire?
✔✔There are no mandatory requirements - ✔✔37. After the first insurance of an affiliate
brokers license, what mandatory class is required during the first year?
✔✔Require a nonresident licensee to move to Tennessee - ✔✔38. With respect to
nonresident license the commission in its discretion may do all of the following EXCEPT
✔✔Your name, company name, and your representational status - ✔✔39. When calling
another real estate company to show one of their properties to your buyer client, what
information must you disclose to the listing agent on your first contact?
,✔✔Responding to general questions about the price and location of a specific property
as limited by the broker - ✔✔40. Which of the following may an unlicensed assistant
perform under the Tennessee license law?
✔✔Ministerial acts - ✔✔41. Routine services that do not create an agency or broker
relationship are referred to as
✔✔Explain simple contract documents to prospective buyers. - ✔✔42. In Tennessee, an
unlicensed real estate assistant may perform all of the follow activities EXCEPT
✔✔May insert factual information into contract forms under the employing brokers
supervision and approval - ✔✔43. Personal real estate assistants in Tennessee
✔✔Only another licensed agent within XYZ Realty May hold the open house for this
affiliate broker. - ✔✔45. An affiliate broker with XYZ Realty has scheduled to hold an
open house on one of his listings this coming Saturday. On Friday, he learn he must go
out of town and need to find someone else to hold his open house in his place. Which of
the following is true?
✔✔Unlock a property for a customer under the direction of the agent - ✔✔46. An
unlicensed real estate assistant may
✔✔Act as a go-between with the buyer and seller for the affiliate broker - ✔✔47. A
unlicensee's assistant may not
✔✔Make cold calls for the affiliate broker - ✔✔48. An unlicensed assistant may do all
the following EXCEPT
✔✔Be paid on the basis of the employing licensee's real estate activity - ✔✔49. An
unlicensed assistant may not
✔✔The affiliate broker and his managing broker just approve the ads prior to being
placed in the local news paper - ✔✔50. A part time unlicensed assistant works for an
affiliate broker. The assistant wrote three ads. Did the affiliate and places them in a local
paper. Which of the following is true?
✔✔Both M and J were in violation of the law - ✔✔51. Two licensed affiliate brokers, M
and J, work for XYZ Realty. M gave J $100 for holding an open house for him last
Saturday. In this situation
✔✔Be paid on commission basis by the broker of the firm for work performed for other
agents within the same firm if the work requires a license - ✔✔52. Licensed real estate
assistants may
, ✔✔File an irrevocable consent agreement with the commission - ✔✔53. If a person
obtains a Tennessee reciprocal (nonresident) real estate license, he or she must
✔✔An irrevocable consent to suit - ✔✔54. What must a non resident license applicant
file with the commission?
✔✔Should have deposited the money in the broker's escrow or trust account - ✔✔55. A
broker received a buyers Ernest money check for $5,000 and immediately cashed it. At
closing, the broker handed the seller a personal check drawn on the brokers own bank
account for $5,300, representing the original earnest money plus six percent interest.
The broker
✔✔Immediately provide a copy of the agreement and receipt for the deposit to the
buyers - ✔✔56. A broker has obtained an offer to purchase a residence that is listed
with his firm. After the buyers sign a purchase and sale agreement and the broker
accepts their earnest money deposit, the broker must
✔✔Must have an affiliate broker's or broker's license - ✔✔57. The on site property
manager for Acme Apartments is responsible for negotiating leases for the apartments.
In this position the on-site manager
✔✔No particular hearing on a contract is required by law in Tennessee - ✔✔58. State
law requires that a preprinted offer to purchase that is intentional to become a binding
contract have which if the following headings?
✔✔Buy the property at the agreed upon figure at anytime during the 90 days. - ✔✔59. A
broker wants to list property but is getting a lot of competition from other brokers who
would also like to list it. The broker offers the seller to the following inducement to sign
his listing agreement: "I'll buy your property of it doesn't sell in 90 days." With this
inducement, the broker must do all of the following EXCEPT
✔✔Exclusive-right-to sell agency - ✔✔60. Which of the following agreements must be in
writing?
✔✔18 - ✔✔61. In Tennessee, the age of legal competence is
✔✔Broker J - ✔✔62. Broker M shows broker J's listing. Along with an offer to purchase,
Broker M receives $2,000 earnest money from a buyer. Broker M retains the earnest
money with Broker J's permission and leaves the country, never to be heard from again.
The buyers complain to the real estate commission and show the receipt that Broker M
gave them for the earnest money. Who is responsible for the earnest money if broker M
cannot be found?
✔✔Discourse the funds in a proper manner without unreasonable delay - ✔✔63. When
disbursing funds from an escrow account, the broker should
