Real Estate Tennessee State Exam Questions with 100% Correct Answers | Updated & Verified | 2024

When an earnest money check is deposited, what information does Tennessee require be recorded and maintained? Who provided the funds (the depositor) A principal broker in Tennessee is required ______ for all transactions in which affiliated licensees participate. Review and approve transactional documents and agreements What must licensees do to maintain their licenses? 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? 15 days Licensees in Tennessee are required to keep transaction documents for a minimum of_____ 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? Exhaust other legal remedies.Which of the following situations