TENNESSEE (STATE EXAM)REAL ESTATE EXAM QUESTIONS AND 100% CORRECT AND WELL DETAILED ANSWERS|LATEST 2025/2026|GUARANTEED A+

TENNESSEE (STATE EXAM)REAL ESTATE EXAM
QUESTIONS AND 100% CORRECT AND WELL
DETAILED ANSWERS|LATEST
2025/2026|GUARANTEED A+

Regulatory Powers - B B



ANSWER
B Enable the agency to pass specific regulations and rules to support the admini
B B B B B B B B B B B B



stration of the license law
B B B B




Judicial Powers - B B



B ANSWER Enable it to conduct hearings and investigations into the activities of licensees
B B B B B B B B B B B



B and to rule on license suspensions or revocations
B B B B B B B




Administrative Powers - B B



ANSWER
B Enable it to establish the staff organization, records, and facilities to manage t
B B B B B B B B B B B B



he licensing process and the licensees themselves
B B B B B B




Mission of the Tennessee Real Estate Commission - ANSWER
B B B B B B B B Protect the public
B B




TREC consists of how many members? - ANSWER
B B B B B B B 9



Who appoints members of TREC? - ANSWER
B B B B B B Governor



How many years are the TREC member terms? - ANSWER
B B B B B B B B B 5



Who chooses the TREC chair, vice chair, and executive director? -
B B B B B B B B B B



B ANSWER The commission
B




Affiliate Broker - ANSWER
B B B • High school diploma
B B B




• Completion of 60 classroom hours + 30 credits
B B B B B B B B




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Wicky

, Broker - ANSWER B B • Must have high school, 120 classroom hours, 90 credits,
B B B B B B B B B




Time Share Salesperson - ANSWER
B B B B • High school diploma
B B B




• 30 classroom hours
B B B




Only take state part of PSI exam
B B B B B B




Contract - B



ANSWER
B Agreement between 2 or more parties who, in a "meeting of the minds" have B B B B B B B B B B B B B B



pledged to perform or refrain from performing some act
B B B B B B B B




Exclusive Listing Agreement - B B B



ANSWER
B Legally enforceable real estate agency agreement between a real estate brok
B B B B B B B B B B



er and a client, authorizing a real estate licensee to act as a parties exclusive agent for the purc
B B B B B B B B B B B B B B B B B B



hase, sale, or lease of real estate
B B B B B B




Commingling - B



B ANSWER Mixing escrow funds into the same account as non escrow funds
B B B B B B B B B B




Conversion - ANSWER B B Using escrow funds for the wrong purposes
B B B B B B




Consumer Protection Act - B B B



ANSWER
B Law makes it a Class B Misdemeanor to commit any unfair or deceptive act in
B B B B B B B B B B B B B B B



any trade or commerce
B B B




Time Share Estate - B B B



ANSWER
B Ownership/leasehold estate in property devoted to a time share fee, tenants i B B B B B B B B B B B



n common, time span ownership, interval ownership, and a time share lease
B B B B B B B B B B B




Time Share Program -B B B



B ANSWER Arrangement for time share intervals in a time share project where use is subj
B B B B B B B B B B B B B




2
Wicky