TENNESSEE REAL ESTATE EXAM
QUESTIONS AND ANSWERS
A suicide that occurred in the house last year - Answer- State laws differ on whether a
buyer is entitled to know about
A place to list repairs who will pay and when repairs are to be completed - Answer- A
broker is developing a checklist to be used by licensees during the time period between
writing a contract and closing which of the following items should be included in the
property inspections section
As disclosed in the contract that offers the warranty - Answer- What is the duration of a
home warranty's coverage
Require the buyer to acknowledge disclosure of the presence of any known lead paint -
Answer- The department of housing and urban development estimates that most private
homes built before 1978 contain potentially dangerous levels of lead because of this
some federal agencies such as FHA
The owner is disclosing known latent defects - Answer- A seller's statement in a
property disclosure document means
Instruct The salesperson to request the owner to have the siding re-inspected - Answer-
In the property condition disclosure form under Asbestos a broker reviewing a sales
associates listing sees that the property owner reported that the asbestos siding on his
building was not removed but was professionally encapsulated 10 years ago
documentation of this professionally applied process is attached the broker should
Seller - Answer- A seller mentions to his agent that the previous owners of his property
may have dumped hazardous waste on the site under the comprehensive
environmental response compensation and liability act (CERCLA) who is liable for
damages from the dumping prior to the sale of the property
Inform the sellers in writing that there is a possible health hazard that should be
inspected and if necessary remediated and the listing Will be removed from the action
list until such action is taken - Answer- While touring a new listing a broker detects a
very pronounced moldy odor upon inspection the broker finds that all closets located on
a particular wall in the vacant residence are extremely moldy the mold growths are
heavy multicolored and cover the lower back walls and part of the side walls and
flooring of the closets and the other associates on the tour are experiencing sneezing
, and watering eyes the broker has already accepted the listing what immediate action
should the broker take regarding the listing status
The Parkers - Answer- Refer to the scenario in the figure booklet see link below to
answer this question who is responsible for paying for a survey on the property
The seller is heavily under the influence of alcohol at the time of signing - Answer- A
broker has signed a listing contract for the sale of a home which of the following could
make this contract voidable
Constructive eviction - Answer- If leased premises become unusable for the purpose
state in the lease the tenant may have the right to abandon the premises this action is
called
Month to month lease - Answer- A couple are moving to a new city they have decided to
rent temporarily before buying a house to see which part of the city they would like to
live in what Type of lease would best suit the couple's needs
The Buyer may sue the seller for specific performance - Answer- A buyer was
negotiating the purchase of a house for himself during a conversation with the seller the
seller agreed to include all the kitchen appliances in the sale and this fact was included
in the sale contract in this situation if the seller takes the appliances with him what
recourse does the buyer have
Have short deadlines - Answer- When a listing broker is preparing an offer to purchase
for a buyer customer contingencies involving inspections or approval by a third-party
should
Both contracts are valid - Answer- Prospective buyers made an offer on a property the
seller did not accept but made a counteroffer the prospective buyers signed the
counteroffer and the real estate agent delivered their acceptance to the seller in the
interim the same buyers had found another house that they liked better and made an
offer on it which was accepted which of the following is true
The seller accepts the offer - Answer- A broker has brought a ready willing and able
buyer to a seller in most listing contracts the broker has earned his commission when
The owner withdraws the counteroffer before it is accepted - Answer- A prospective
buyer made an offer to purchase a property the owner responded with a counteroffer
while the buyer was reviewing the counteroffer the owner received a better offer the
owner can accept the second offer if
Conditional use permit or zoning variance - Answer- A land owner wishes to build a
neighborhood grocery store on a busy street in the area zoned for residential use which
of the following would most likely be used to obtain permission for the store
QUESTIONS AND ANSWERS
A suicide that occurred in the house last year - Answer- State laws differ on whether a
buyer is entitled to know about
A place to list repairs who will pay and when repairs are to be completed - Answer- A
broker is developing a checklist to be used by licensees during the time period between
writing a contract and closing which of the following items should be included in the
property inspections section
As disclosed in the contract that offers the warranty - Answer- What is the duration of a
home warranty's coverage
Require the buyer to acknowledge disclosure of the presence of any known lead paint -
Answer- The department of housing and urban development estimates that most private
homes built before 1978 contain potentially dangerous levels of lead because of this
some federal agencies such as FHA
The owner is disclosing known latent defects - Answer- A seller's statement in a
property disclosure document means
Instruct The salesperson to request the owner to have the siding re-inspected - Answer-
In the property condition disclosure form under Asbestos a broker reviewing a sales
associates listing sees that the property owner reported that the asbestos siding on his
building was not removed but was professionally encapsulated 10 years ago
documentation of this professionally applied process is attached the broker should
Seller - Answer- A seller mentions to his agent that the previous owners of his property
may have dumped hazardous waste on the site under the comprehensive
environmental response compensation and liability act (CERCLA) who is liable for
damages from the dumping prior to the sale of the property
Inform the sellers in writing that there is a possible health hazard that should be
inspected and if necessary remediated and the listing Will be removed from the action
list until such action is taken - Answer- While touring a new listing a broker detects a
very pronounced moldy odor upon inspection the broker finds that all closets located on
a particular wall in the vacant residence are extremely moldy the mold growths are
heavy multicolored and cover the lower back walls and part of the side walls and
flooring of the closets and the other associates on the tour are experiencing sneezing
, and watering eyes the broker has already accepted the listing what immediate action
should the broker take regarding the listing status
The Parkers - Answer- Refer to the scenario in the figure booklet see link below to
answer this question who is responsible for paying for a survey on the property
The seller is heavily under the influence of alcohol at the time of signing - Answer- A
broker has signed a listing contract for the sale of a home which of the following could
make this contract voidable
Constructive eviction - Answer- If leased premises become unusable for the purpose
state in the lease the tenant may have the right to abandon the premises this action is
called
Month to month lease - Answer- A couple are moving to a new city they have decided to
rent temporarily before buying a house to see which part of the city they would like to
live in what Type of lease would best suit the couple's needs
The Buyer may sue the seller for specific performance - Answer- A buyer was
negotiating the purchase of a house for himself during a conversation with the seller the
seller agreed to include all the kitchen appliances in the sale and this fact was included
in the sale contract in this situation if the seller takes the appliances with him what
recourse does the buyer have
Have short deadlines - Answer- When a listing broker is preparing an offer to purchase
for a buyer customer contingencies involving inspections or approval by a third-party
should
Both contracts are valid - Answer- Prospective buyers made an offer on a property the
seller did not accept but made a counteroffer the prospective buyers signed the
counteroffer and the real estate agent delivered their acceptance to the seller in the
interim the same buyers had found another house that they liked better and made an
offer on it which was accepted which of the following is true
The seller accepts the offer - Answer- A broker has brought a ready willing and able
buyer to a seller in most listing contracts the broker has earned his commission when
The owner withdraws the counteroffer before it is accepted - Answer- A prospective
buyer made an offer to purchase a property the owner responded with a counteroffer
while the buyer was reviewing the counteroffer the owner received a better offer the
owner can accept the second offer if
Conditional use permit or zoning variance - Answer- A land owner wishes to build a
neighborhood grocery store on a busy street in the area zoned for residential use which
of the following would most likely be used to obtain permission for the store
