Unit 26: Tennessee License Law Enforcement Final Exam Questions All Solved Correct.

Witnesses who fail to cooperate with a TREC hearing may be found guilty of - Answer contempt of court TREC may impose on unlicensed persons per violation per day the maximum penalty of - Answer $1,000 The state endorsed vendor for errors and omissions insurance in Tennessee is - Answer Rice Insurance Agency of Louisville, Kentucky What does TREC consider when determining whether a hearing should be formal or informal? - Answer The clarity of TREC's jurisdiction For a person who was been issued a firm license, - Answer E&O coverage is not required. Should TREC conclude that a formal hearing is appropriate, the time and place for the hearing is selected by - Answer TREC How much notice must be given to TREC if a licensee is convicted of a crime? - Answer 60 days from the conviction date If the E&O company must pay out a monetary award, the out-of-pocket deductible of the defended licensee is - Answer $1,000 The real estate licensees in Tennessee that TREC requires to be bonded are - Answer none When an affiliate licensee's license is revoked, the license of the broker will - Answer not necessarily also be revoked Which of the following would subject a licensee to discipline? - Answer Failing to give a copy of a signed document to the signor upon signing