TENNESSEE AFFILIATE BROKER MAIN EXAMINATION 2026
QUESTIONS AND ANSWERS GRADED A+
✔✔1. Which of the following is a true statement about transactional recordkeeping
requirements in Tennessee? - ✔✔· Licensees must produce records within 24 hours of
a TREC request.
✔✔1. Retaining paper and electronic records of transactional documents for the time
period prescribed by your regulating authority helps to ______ risk. - ✔✔· Manage
✔✔1. Susie's a little nervous about the $20,000 earnest money check she just
deposited with a Tennessee title company. When should she expect to see this money
applied toward her purchase of the property? - ✔✔· When conditions are met at closing
✔✔1. Which of the following statements about Tennessee brokers and license law
violations is true? - ✔✔· If a broker has committed a violation, the broker's license can
be downgraded to affiliate broker status.
✔✔1. Which of the following is required on any Tennessee real estate advertising? -
✔✔· Business name and office phone number
✔✔1. How many days after being convicted of a license law offense will the Tennessee
Real Estate Commission revoke a licensee's license? - ✔✔· 60
✔✔1. Which of the following is a true statement about filing a civil suit related to a
complaint in Tennessee? - ✔✔· Complainants can pursue a civil suit independently.
✔✔1. What's true about a consumer who is working with a real estate licensee but
hasn't signed an agency agreement? - ✔✔· The consumer is free to sign an agreement
or work with any other licensee
✔✔1. Which of the following is a responsibility of the Tennessee Real Estate
Commission, as provided in the Tennessee Real Estate Broker License Act? - ✔✔· The
right to grant and renew licenses
✔✔1. Lisa, a licensee with Hometown Realty, is accompanying her buyer, Francis, to an
open house. Travis, the seller's agent, approaches Lisa and asks what brings them to
the open house today. In order to properly disclose her agency status, how should Lisa
respond? - ✔✔· "Hi, I'm Lisa. I'm an agent for Hometown Realty. This is Francis, who is
my buyer client."
, ✔✔1. To prevent commingling and accidentally using the funds from one income
property to pay for the expenses of another, a Tennessee broker should ______. - ✔✔·
Establish a separate escrow account for each property.
✔✔1. Someone in Tennessee who's been given the authority to act on behalf of
someone else is a(n) ______. - ✔✔· Agent
✔✔1. Which of the following situations is outside of the Tennessee Real Estate
Commission's jurisdiction? - ✔✔· Kathi just bought a house and claims that her credit
union promised her one interest rate but gave her a higher one.
✔✔1. Donnie is the buyer's agent for a transaction in which May (from a different
brokerage) listed her seller client George's property. From whom will Donnie receive his
compensation? - ✔✔· From his own broker
✔✔1. In Tennessee, what's the minimum age to earn a real estate license? - ✔✔· 18
✔✔1. April and Wayne are the buyer and seller of a condo in Nashville, respectively.
April is represented by Steve. Wayne is represented by Wanda. Name the principal(s) in
this transaction. - ✔✔· April and Wayne
✔✔1. Gary is the listing agent for the Turners, who are downsizing. An affiliate broker at
his firm, Randa, has a trade-up buyer who seems like a perfect fit for the Turners'
house. Both the Turners and Randa's buyer have signed designated agency
agreements with Gary and Randa respectively. If the in-house transaction proceeds,
who will be the dual agent? - ✔✔· No one
✔✔1. What's the only way to create an agency relationship in Tennessee? - ✔✔·
Bilateral written agreement
✔✔1. Margo is a licensed affiliate broker who works under Tyler at ABC Realty in
Kingsport. She decides to move to Crossville to help care for her mother. Margo has the
opportunity to work with a broker in her new town, so she wants to transfer. What must
Margo do to transfer her license? - ✔✔· Apply for a transfer of license and obtain a
release from her current broker, notify the commission, and pay the fee before
beginning work for the new broker.
✔✔1. Tennessee licensee Doug wants to advertise another broker's listing. Whose
permission must he have to do this? - ✔✔· The property owner
✔✔1. What is the minimum number of years that brokers in Tennessee must keep
records of escrow/trustee accounts? - ✔✔· Three
QUESTIONS AND ANSWERS GRADED A+
✔✔1. Which of the following is a true statement about transactional recordkeeping
requirements in Tennessee? - ✔✔· Licensees must produce records within 24 hours of
a TREC request.
✔✔1. Retaining paper and electronic records of transactional documents for the time
period prescribed by your regulating authority helps to ______ risk. - ✔✔· Manage
✔✔1. Susie's a little nervous about the $20,000 earnest money check she just
deposited with a Tennessee title company. When should she expect to see this money
applied toward her purchase of the property? - ✔✔· When conditions are met at closing
✔✔1. Which of the following statements about Tennessee brokers and license law
violations is true? - ✔✔· If a broker has committed a violation, the broker's license can
be downgraded to affiliate broker status.
✔✔1. Which of the following is required on any Tennessee real estate advertising? -
✔✔· Business name and office phone number
✔✔1. How many days after being convicted of a license law offense will the Tennessee
Real Estate Commission revoke a licensee's license? - ✔✔· 60
✔✔1. Which of the following is a true statement about filing a civil suit related to a
complaint in Tennessee? - ✔✔· Complainants can pursue a civil suit independently.
✔✔1. What's true about a consumer who is working with a real estate licensee but
hasn't signed an agency agreement? - ✔✔· The consumer is free to sign an agreement
or work with any other licensee
✔✔1. Which of the following is a responsibility of the Tennessee Real Estate
Commission, as provided in the Tennessee Real Estate Broker License Act? - ✔✔· The
right to grant and renew licenses
✔✔1. Lisa, a licensee with Hometown Realty, is accompanying her buyer, Francis, to an
open house. Travis, the seller's agent, approaches Lisa and asks what brings them to
the open house today. In order to properly disclose her agency status, how should Lisa
respond? - ✔✔· "Hi, I'm Lisa. I'm an agent for Hometown Realty. This is Francis, who is
my buyer client."
, ✔✔1. To prevent commingling and accidentally using the funds from one income
property to pay for the expenses of another, a Tennessee broker should ______. - ✔✔·
Establish a separate escrow account for each property.
✔✔1. Someone in Tennessee who's been given the authority to act on behalf of
someone else is a(n) ______. - ✔✔· Agent
✔✔1. Which of the following situations is outside of the Tennessee Real Estate
Commission's jurisdiction? - ✔✔· Kathi just bought a house and claims that her credit
union promised her one interest rate but gave her a higher one.
✔✔1. Donnie is the buyer's agent for a transaction in which May (from a different
brokerage) listed her seller client George's property. From whom will Donnie receive his
compensation? - ✔✔· From his own broker
✔✔1. In Tennessee, what's the minimum age to earn a real estate license? - ✔✔· 18
✔✔1. April and Wayne are the buyer and seller of a condo in Nashville, respectively.
April is represented by Steve. Wayne is represented by Wanda. Name the principal(s) in
this transaction. - ✔✔· April and Wayne
✔✔1. Gary is the listing agent for the Turners, who are downsizing. An affiliate broker at
his firm, Randa, has a trade-up buyer who seems like a perfect fit for the Turners'
house. Both the Turners and Randa's buyer have signed designated agency
agreements with Gary and Randa respectively. If the in-house transaction proceeds,
who will be the dual agent? - ✔✔· No one
✔✔1. What's the only way to create an agency relationship in Tennessee? - ✔✔·
Bilateral written agreement
✔✔1. Margo is a licensed affiliate broker who works under Tyler at ABC Realty in
Kingsport. She decides to move to Crossville to help care for her mother. Margo has the
opportunity to work with a broker in her new town, so she wants to transfer. What must
Margo do to transfer her license? - ✔✔· Apply for a transfer of license and obtain a
release from her current broker, notify the commission, and pay the fee before
beginning work for the new broker.
✔✔1. Tennessee licensee Doug wants to advertise another broker's listing. Whose
permission must he have to do this? - ✔✔· The property owner
✔✔1. What is the minimum number of years that brokers in Tennessee must keep
records of escrow/trustee accounts? - ✔✔· Three
