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Exam (elaborations)
Tennessee Affiliate Broker Exam
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---15May 20242023/2024A+
- $50 - change of address fee 
$50 - penalty per 30 day period prior to 120 days for licensing lapse 
$80 - license renewal fee 
$100 - penalty per 30 day period beginning on 121st day but prior to 1 year 
$400,000 - price at which federally related transactions are exempt from appraisal 
requirements 
2 categories of comparison - elements and units 
3 causes of deterioration - external depreciation, functional obsolescence, and physical 
deterioration. 
3 items found in a residential sales cont...
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