TN Course for new affiliates, Unit 6 exam with 100% correct answers

To become a designated agent, one must be A) appointed as such by the managing broker. B) a dual agent. C) at least 21 years old and licensed. D) a member of the National Association of REALTORS®. A An affiliate broker wishes to retire her license. Prior to that action, she must A) turn the license backwards on the office wall. B) pay the commission a $100 application fee. C) complete required education. D) renew her errors and omissions insurance. C Because real estate means and includes leaseholds A) resident managers must be licensed. B) personal assistants must be licensed. C) property managers must be licensed. D) rental location agents do not have to be licensed. C A broker has completed the required 120 hours of post-broker education within the prescribed period of three years. Which of the following statements is TRUE regarding her professional education? A) She must now complete another 120 hours within the next three-year period. B) She is exempt from having to take the core course because she is a broker. C) She must now complete 16 hours of continuing education every 24 months. D) She is now finished with required education forever. C Should the account balance in the Real Estate Education and Recovery Account fall below $500,000, all licensees in the state of Tennessee will be assessed an amount NOT to exceed A) $30. B) $10. C) $100. D) $60. A If the Commission notifies a licensee that it has received a complaint about the licensee, the licensee must respond to the Commission with the licensee's side of the issue. If mailed, the licensee's response letter must be A) written on Commission-approved stationary. B) emailed to the Department of Commerce and Insurance. C) sent by registered mail. D) mailed within 60 days of the postmark on the commission's envelope. C The commission must be notified within 60 days if a licensee A) changes her residence address. B) is convicted of a serious criminal offense. C) changes affiliation or status. D) changes his business address. B An individual has just passed her broker's exam. In order to get her broker's license, she must pay a $100 application fee and an additional fee to the Real Estate Education and Recovery Account not to exceed A) $100. B) $30. C) $10. D) $50. C