TREES PRELICENSE TN STATE LAW
Questions with Verified Correct Answers
An affiliate broker can legally start working with their broker when:
A. They receive notification of a passing grade on license test
B. The recovery fund fee is paid
C. The applicant requests a hearing before the Real Estate Commission
D. The affiliate broker's license has been issued.
D. The affiliate broker's license has been issued
All of the following are true concerning the Tennessee Real Estate Education &
Recovery Account EXCEPT:
A. All affiliate brokers and brokers must pay a fee to the account
B. The account is to protect members of the public who may be injured by actions of
affiliate brokers or brokers
C. Account of $10 is required every license renewal period
D. The account covers judgements not to exceed $15,000 per transaction
C. Account of $10 is required every license renewal period
The Tennessee Real Estate Commission has the authority to perform the following
duties EXCEPT:
A. Revoke/suspend a license of an affiliate broker or broker
B. Adopt new Rules and Regulations
,C. Conduct hearings for possible violations of Commission Rules & Regulations
D. Sentence a guilty licensee to a jail term
D. Sentence a guilty licensee to a jail term
Which of the following people would be required to hold a real estate license?
A. An unlicensed owner attempting to sell his home
B. An auctioneer selling real property by auction
C. An Attorney in Fact under a signed and recorded Power of Attorney
D. An employee collecting rent for broker managing a residential rental property
B. An auctioneer selling real property by auction
When an affiliate broker leaves their former firm to work for another firm, which of the
following is NOT TRUE:
A. The affiliate can take to the new company those listings obtained while with the
former firm without the consent of the former firm
B. The required administrative procedures must be completed within 10 days after the
date of release by the use of the TREC #1 form or online submission
C. An administrative fee to the Commission is required to be paid as part of the transfer
procedure of change of affiliation
D. The affiliate broker must obtain a release from the former firm's principal broker
A. The affiliate can take to the new company those listings obtained while with the former
firm without the consent of the former firm
A person found guilty in a court of law of illegally selling real estate without a license
could be:
, A. Sentenced to County Jail for not less than 18 months.
B. Required to pay up to 5 times the amount of money received if they received an y
compensation.
C. Ineligible to obtain a license for 10 years.
D. Is a Class B misdemeanor with a fine not to exceed $500 and jail term not greater
than 6 months or both.
D. Is a Class B misdemeanor with a fine not to exceed $500 and jail term not greater than 6
months or both.
To place a liense in Temporary Retirement status, a licensee must perform all of the
following procedures EXCEPT:
A. Current continuing educational requiremtns are not required to be competed prior
to placing a license on Temporary Retirement.
B. Physically transmit the license certificate to the Commission and pay a fee.
C. Reactivate the license every 3 years.
D. Advise the Real Estate Commission of their current residence address.
C. Reactivate the license every 3 years.
A licensee can have their license revoked or suspended for teh following violations,
EXCEPT:
A. Broker commingling escrow funds with company funds.
B. Not giving a copy of the listing contract to the client/customer at the time it is signed.
C. Insofar as an affiliate broker is concerned, receiving a commission frmo someone
Questions with Verified Correct Answers
An affiliate broker can legally start working with their broker when:
A. They receive notification of a passing grade on license test
B. The recovery fund fee is paid
C. The applicant requests a hearing before the Real Estate Commission
D. The affiliate broker's license has been issued.
D. The affiliate broker's license has been issued
All of the following are true concerning the Tennessee Real Estate Education &
Recovery Account EXCEPT:
A. All affiliate brokers and brokers must pay a fee to the account
B. The account is to protect members of the public who may be injured by actions of
affiliate brokers or brokers
C. Account of $10 is required every license renewal period
D. The account covers judgements not to exceed $15,000 per transaction
C. Account of $10 is required every license renewal period
The Tennessee Real Estate Commission has the authority to perform the following
duties EXCEPT:
A. Revoke/suspend a license of an affiliate broker or broker
B. Adopt new Rules and Regulations
,C. Conduct hearings for possible violations of Commission Rules & Regulations
D. Sentence a guilty licensee to a jail term
D. Sentence a guilty licensee to a jail term
Which of the following people would be required to hold a real estate license?
A. An unlicensed owner attempting to sell his home
B. An auctioneer selling real property by auction
C. An Attorney in Fact under a signed and recorded Power of Attorney
D. An employee collecting rent for broker managing a residential rental property
B. An auctioneer selling real property by auction
When an affiliate broker leaves their former firm to work for another firm, which of the
following is NOT TRUE:
A. The affiliate can take to the new company those listings obtained while with the
former firm without the consent of the former firm
B. The required administrative procedures must be completed within 10 days after the
date of release by the use of the TREC #1 form or online submission
C. An administrative fee to the Commission is required to be paid as part of the transfer
procedure of change of affiliation
D. The affiliate broker must obtain a release from the former firm's principal broker
A. The affiliate can take to the new company those listings obtained while with the former
firm without the consent of the former firm
A person found guilty in a court of law of illegally selling real estate without a license
could be:
, A. Sentenced to County Jail for not less than 18 months.
B. Required to pay up to 5 times the amount of money received if they received an y
compensation.
C. Ineligible to obtain a license for 10 years.
D. Is a Class B misdemeanor with a fine not to exceed $500 and jail term not greater
than 6 months or both.
D. Is a Class B misdemeanor with a fine not to exceed $500 and jail term not greater than 6
months or both.
To place a liense in Temporary Retirement status, a licensee must perform all of the
following procedures EXCEPT:
A. Current continuing educational requiremtns are not required to be competed prior
to placing a license on Temporary Retirement.
B. Physically transmit the license certificate to the Commission and pay a fee.
C. Reactivate the license every 3 years.
D. Advise the Real Estate Commission of their current residence address.
C. Reactivate the license every 3 years.
A licensee can have their license revoked or suspended for teh following violations,
EXCEPT:
A. Broker commingling escrow funds with company funds.
B. Not giving a copy of the listing contract to the client/customer at the time it is signed.
C. Insofar as an affiliate broker is concerned, receiving a commission frmo someone
