CERTIFICATION SCRIPT 2026 QUESTIONS
WITH SOLUTIONS GRADED A+
>> Agency relationship
Answer: Broker-client fiduciary relationship
>> Fiduciary duties
Answer: OLD CAR (Obedience, Loyalty, Disclosure, Confidentiality,
Accounting, Reasonable care)
>> Disclosure of agency status
Answer: Required at first substantive contact
>> Confirmation of agency
Answer: Written disclosure
>> Dual agency disclosure
Answer: Must be in writing and consented
>> Material fact disclosure
Answer: Must disclose known defects
>> Adverse material facts
Answer: Must disclose even if client
>> Stigmatized property
Answer: No duty to disclose in TN
, >> Megan's Law
Answer: Must disclose availability of registry
>> Lead paint disclosure
Answer: Federal requirement
>> Radon disclosure
Answer: Not mandated but recommended
>> Property condition disclosure
Answer: Tennessee Residential Property Condition Disclosure
>> Seller's disclosure form
Answer: Required for most residential sales
>> Buyer beware
Answer: Caveat Emptor in TN
>> As-is clause
Answer: Buyer accepts property condition
>> Inspection period
Answer: Time for buyer to inspect
>> Home warranty
Answer: Optional coverage for systems
>> Flood disclosure
Answer: If property in flood zone