Final Exam TN Real Estate Course Questions with correct answers

A Tennessee licensee must use the "Exclusive Right to Sell" form - Answer required by the licensee's broker. According to the level of authority delegated to the agent, the usual real estate agency is a - Answer limited agency. When must the contract be in writing? - Answer John is agreeing to sell his shed to Shawn for $1,000. One disadvantage in using active listings for comparables is - Answer they provide somewhat dubious comparisons because listing prices are not selling prices. Why is it sometimes necessary to include a bill of sale with a purchase contract? - Answer A bill of sale confirms that all promised inclusions are in fact part of the conveyance. Prior to the acceptance of a purchase contract, the seller must provide the buyer with a written property condition disclosure if - Answer the property is a residential property of less than 5 units. Which HUD document provides information to builders regarding fair housing compliance? - Answer Fair Housing Act Accessibility Guidelines The two restraints of trade of most concern to real estate brokers are conspiracies to fix prices and - Answer group boycotts.