Tennessee (state exam) Real Estate
1.Regulatory Powers : Enable the agency to pass specific regulations and rules to support the administration of the license law
2.Judicial Powers : Enable it to conduct hearings and investigations into the activities of licensees and to rule on license suspensions or revocations
3.Administrative Powers : Enable it to establish the staff organization, records, and facilities to manage the licensing process and the licensees themselves 4.
4.Mission of the Tennessee Real Estate Commission: Protect the public
5.TREC consists of how many members?: 9
6.Who appoints members of TREC?: Governor
7.How many years are the TREC member terms?: 5 Tennessee (state exam) Real Estate
8.Who chooses the TREC chair, vice chair, and executive director?: The commission
9.Affiliate Broker: • High school diploma
• Completion of 60 classroom hours + 30 credits
10.Broker: • Must have high school, 120 classroom hours, 90 credits,
11.Time Share Salesperson: • High school diploma
• 30 classroom hours
Only take state part of PSI exam
12.Contract: Agreement between 2 or more parties who, in a "meeting of the minds" have pledged to perform or refrain from performing some act
13.Exclusive Listing Agreement: Legally enforceable real estate agency agreement between a real estate broker and a client, authorizing a real estate
1.Regulatory Powers : Enable the agency to pass specific regulations and rules to support the administration of the license law
2.Judicial Powers : Enable it to conduct hearings and investigations into the activities of licensees and to rule on license suspensions or revocations
3.Administrative Powers : Enable it to establish the staff organization, records, and facilities to manage the licensing process and the licensees themselves 4.
4.Mission of the Tennessee Real Estate Commission: Protect the public
5.TREC consists of how many members?: 9
6.Who appoints members of TREC?: Governor
7.How many years are the TREC member terms?: 5 Tennessee (state exam) Real Estate
8.Who chooses the TREC chair, vice chair, and executive director?: The commission
9.Affiliate Broker: • High school diploma
• Completion of 60 classroom hours + 30 credits
10.Broker: • Must have high school, 120 classroom hours, 90 credits,
11.Time Share Salesperson: • High school diploma
• 30 classroom hours
Only take state part of PSI exam
12.Contract: Agreement between 2 or more parties who, in a "meeting of the minds" have pledged to perform or refrain from performing some act
13.Exclusive Listing Agreement: Legally enforceable real estate agency agreement between a real estate broker and a client, authorizing a real estate
