TN REAL ESTATE STATE PRACTICE EXAM
TREC can hold as many meetings as it deems necessary throughout the year, but it must
have a minimum of three meetings. Where must these meetings take place?
Correct answer: One in each, West, middle, east division
Gideon is planning to run a full-page ad in the Knoxville newspaper to promote his open
house in two weeks. He'll be oering a free overnight stay at a local resort to the winner of
the door prize. Which of the following is a true statement?
Correct answer: Gideon's ad must clearly state the value and all qualications and
accurate specications of the prize.
A principal broker in Tennessee is required to ______ for all transactions in which ailiated
licensees participate.
Correct answer: Review and approve transactional documents and agreements
How many members of TREC are licensed real estate brokers or ailiate brokers in
Tennessee?
Correct answer: 7
Ralph is a broker whose license was suspended when one of his ailiated brokers
committed a violation. This is mostly likely because ______
Correct answer: Ralph either knew about the violation or is guilty of failure to supervise
Mike is applying for an ailiate broker license. What type of written examination
requirement does this type of license have?
Correct answer: The applicant must pass the national and state exams with a score of
70% or greater.
, Deborah, a sponsoring broker, is required to display the licenses of ________.
Correct answer: All ailiate brokers, both independent contractors and employees
Who's entitled to reimbursement from the Real Estate Education and Recovery Account?
Correct answer: A member of the public who's been granted a judgment against a licensee
Which of these must Tennessee licensees disclose relative to specic real estate
transactions handled by their brokerages?
Correct answer: Immediate family relationships
Which violation is likely to result in license revocation?
Correct answer: Criminal actions
Ted and Tanya, Tennessee buyers, are represented by Brooke Sales. They want to make an
oer on a home and give Brooke a check for $5,000 for earnest money. The check is post-
dated for a week. Ted explains, "We have the money, but I need to shule a few things
around before this check is good." Can Ted and Tanya do this?
Correct answer: No. Earnest money needs to be able to be deposited immediately, so a
post-dated check won't work.
Which of the following statements is true regarding the termination date of a listing
agreement or sales contract in Tennessee?
Correct answer: A denite termination date must be included.
In addition to a rm real estate license and a principal broker, what else must real estate
rms have to meet Tennessee rm license requirements?
Correct answer: A physical location and facility that can adequately accommodate
ailiated licensees
TREC can hold as many meetings as it deems necessary throughout the year, but it must
have a minimum of three meetings. Where must these meetings take place?
Correct answer: One in each, West, middle, east division
Gideon is planning to run a full-page ad in the Knoxville newspaper to promote his open
house in two weeks. He'll be oering a free overnight stay at a local resort to the winner of
the door prize. Which of the following is a true statement?
Correct answer: Gideon's ad must clearly state the value and all qualications and
accurate specications of the prize.
A principal broker in Tennessee is required to ______ for all transactions in which ailiated
licensees participate.
Correct answer: Review and approve transactional documents and agreements
How many members of TREC are licensed real estate brokers or ailiate brokers in
Tennessee?
Correct answer: 7
Ralph is a broker whose license was suspended when one of his ailiated brokers
committed a violation. This is mostly likely because ______
Correct answer: Ralph either knew about the violation or is guilty of failure to supervise
Mike is applying for an ailiate broker license. What type of written examination
requirement does this type of license have?
Correct answer: The applicant must pass the national and state exams with a score of
70% or greater.
, Deborah, a sponsoring broker, is required to display the licenses of ________.
Correct answer: All ailiate brokers, both independent contractors and employees
Who's entitled to reimbursement from the Real Estate Education and Recovery Account?
Correct answer: A member of the public who's been granted a judgment against a licensee
Which of these must Tennessee licensees disclose relative to specic real estate
transactions handled by their brokerages?
Correct answer: Immediate family relationships
Which violation is likely to result in license revocation?
Correct answer: Criminal actions
Ted and Tanya, Tennessee buyers, are represented by Brooke Sales. They want to make an
oer on a home and give Brooke a check for $5,000 for earnest money. The check is post-
dated for a week. Ted explains, "We have the money, but I need to shule a few things
around before this check is good." Can Ted and Tanya do this?
Correct answer: No. Earnest money needs to be able to be deposited immediately, so a
post-dated check won't work.
Which of the following statements is true regarding the termination date of a listing
agreement or sales contract in Tennessee?
Correct answer: A denite termination date must be included.
In addition to a rm real estate license and a principal broker, what else must real estate
rms have to meet Tennessee rm license requirements?
Correct answer: A physical location and facility that can adequately accommodate
ailiated licensees
