Real Estate Tennessee State Exam question and answers graded A+ 2023 already passed

Real Estate Tennessee State Exam question and answers graded A+ 2023 already passedWhen an earnest money check is deposited, what information does Tennessee require be recorded and maintained? - correct answer Who provided the funds (the depositor) A principal broker in Tennessee is required ______ for all transactions in which affiliated licensees participate. - correct answer Review and approve transactional documents and agreements What must licensees do to maintain their licenses? - correct answer Complete continuing education requirements and pay the renewal fee Addision didn't make an on-site inspection of the timeshare project prior to signing the contract. She's now signed the contract but a little voice inside her head is telling her to get out while the getting is good. In Tennessee, how many days does Addison have to cancel the contract? - correct answer 15 days Licensees in Tennessee are required to keep transaction documents for a minimum of_____ - correct answer Three years Before applying for relief from the recovery fund, what must Tennessee consumers do when they receive a judgment against a licensee for wrongdoing? - correct answer Exhaust other legal remedies. Which of the following situations is outside of the Tennessee Real estate Commission's jurisdiction? - correct answer Kathi just bought a house and claims that her credit union promised her one interest rate but gave her a higher one. (TREC can't mediate or resolve a problem with a financial institution) What should you document to avoid E&O claims? - correct answer Conversations and recommendations