TN Real Estate Exam questions with correct answers

coordinate inspections and deliver documents and escrow monies to the appropriate attorney - Answer a broker or affiliate broker may perform all of the following in preparation for the closing EXCEPT may conduct the closing - Answer a broker decides he wants to conduct the closing on a all-cash sales of a property between his clients, the seller, and the buyer, his customer. with these parties, the broker receive up to $50K from the real estate education and recovery account for the full judgment amount plus court costs and attorney's fees - Answer an aggrieved person is awarded a judgment against a real estate licensee for violation of the Tennessee Real Estate Broker Act of 1973. Regarding the real estate education and recovery account, the aggrieved party has the right to provide a means of compensation for actual monetary losses suffered by individuals as a result of the acts of a licensee violating the license law or committing other illegal acts related to a real estate transaction - Answer the purpose of the Tennessee Real Estate Education and Recovery Account is $15K - Answer the maximum liability of the Tennessee Real Estate Education and Recovery Account for any single transaction, regardless of the number of persons aggrieved or parcels of real estate involved in such transaction, shall not exceed $30K - Answer a real estate licensee ( broker, affiliate broker, or time share salesperson) is found financially liable in four law suits involving several different transactions. The court orders payment from the Real Estate Education and Recovery Account for the judgments. What is the m