Tennessee Affiliate Broker exam latest update with 100% correct answers 2024.

The Tennessee Human Rights Commission (THRC) enforces fair housing laws in the state. Exemptions to Tennesse's Human Rights Act are: 1. Rental of one housing unit when the building contains no more than two independent units, if the owner or a family member lives in one of the units. 2. Rental of a room or rooming unit in a housing accommodation that shares a common bath (and only in regards to sex as a protected class). 3. Sale, rental, or preference of a dwelling owned, operated, or used in conjunction with a religious organization, association, society, or any nonprofit to members of the same religion (unless membership in that religion discriminates on the basis of race, color, or national origin) 4.Single-sex dorms or rental properties including, but not limited to, those at colleges and universities. Functions of the Tennessee Human Rights Commission (THRC) Safeguard individuals from discrimination through enforcement and education. Oversees the state's execution of federal laws prohibiting discrimination. Ensures the state has legislation that supports and expands, as needed, on federal civil rights laws. Conducts investigations into discrimination complaints, which can be made online. Educates members of the public about their rights under the Human Rights Act. Commingling the act of depositing trust funds in a personal or business bank account. Conversion the act of using escrow funds for personal use. Vital records records necessary to continue to do business in the event of a disruption or disaster. EX Client files and contract, current lists of customers, current accounts receivable (money people owe you), and financial record General records records deemed important enough to manage and keep. These might include accounts payable (money you owe others), bills and invoices, employment records, expense receipts, travel logs, prospect and referral correspondence, or referral phone lists. 3 years amount of time state law requires all documents and records be kept, both hard copy and electronic. 24 hours amount of time you have to make documents readily accessible to TREC 10 days amount of time licensee has to complete tasks associated with transfer of affiliation Advertising does not include promotional materials that advertise licensees themselves, such as hats, pens, notepads, t-shirts, name tags, business cards, and the sponsorship of charitable and community events. written permission from the owner is required to advertise another licensees listing A gift, prize, or other valuable consideration may only be given as an incentive to a purchase, a listing, or lease if the gift or prize is made: With the affiliated firm's approval and under its sponsorship. In writing and signed by the licensee Prize or Gift Disclosure of all pertinent details must be included, Accurate details of the gift or prize, Fair market value of the gift or prize, The time and place of delivery of the offered item, Any requirements that the prospective buyer or lessor must satisfy 75% passing score for broker examination required hours of education for brokers 120 50 miles distance in which a licensee must live from their firms office hours of education required for new broker to complete prior to 3rd anniversary 120 broker and affiliate broker CEU requirements per 2 year licensing period 16hrs