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Tennessee Real Estate Tests Compilation Bundle
Tennessee Real Estate Tests Compilation Bundle
[Mostrar más]Tennessee Real Estate Tests Compilation Bundle
[Mostrar más]Regulatory Powers correct answer: Enable the agency to pass specific regulations and rules to support the administration of the license law 
 
Judicial Powers correct answer: Enable it to conduct hearings and investigations into the activities of licensees and to rule on license suspensions or rev...
Vista previa 2 fuera de 10 páginas
Añadir al carritoRegulatory Powers correct answer: Enable the agency to pass specific regulations and rules to support the administration of the license law 
 
Judicial Powers correct answer: Enable it to conduct hearings and investigations into the activities of licensees and to rule on license suspensions or rev...
A corporation is correct answer: a legal entity that can buy and sell real estate as set out in its charter. 
 
Ownership in severalty is correct answer: property owned by one individual or corporation. 
 
A house is owned by three joint tenants, and one of the owners, as permitted by state law, s...
Vista previa 4 fuera de 195 páginas
Añadir al carritoA corporation is correct answer: a legal entity that can buy and sell real estate as set out in its charter. 
 
Ownership in severalty is correct answer: property owned by one individual or corporation. 
 
A house is owned by three joint tenants, and one of the owners, as permitted by state law, s...
The terms of the _______ determine who receives the earnest money. correct answer: contract 
 
Woody wanted to work for the new broker in town, so he filed the paperwork necessary to affiliate with a new broker. What will happen to his three listings and two buyer clients? correct answer: They rem...
Vista previa 3 fuera de 17 páginas
Añadir al carritoThe terms of the _______ determine who receives the earnest money. correct answer: contract 
 
Woody wanted to work for the new broker in town, so he filed the paperwork necessary to affiliate with a new broker. What will happen to his three listings and two buyer clients? correct answer: They rem...
What is the purpose of an escrow account? correct answer: Keep money that doesn't belong to you SEPARATE from personal account/money 
 
Who is responsible for looking after Escrow Accounts for property? correct answer: Broker 
 
Another name for Escrow Money (earnest money, security deposits) is_...
Vista previa 2 fuera de 15 páginas
Añadir al carritoWhat is the purpose of an escrow account? correct answer: Keep money that doesn't belong to you SEPARATE from personal account/money 
 
Who is responsible for looking after Escrow Accounts for property? correct answer: Broker 
 
Another name for Escrow Money (earnest money, security deposits) is_...
Who of the following is required to have a real estate license? correct answer: B. Neighbor helping an owner sell his house in exchange for the seller's sewing machine 
 
How often does the Tennessee Real Estate Commission (TREC) meet? correct answer: D. Once a month for up to three days a month ...
Vista previa 2 fuera de 6 páginas
Añadir al carritoWho of the following is required to have a real estate license? correct answer: B. Neighbor helping an owner sell his house in exchange for the seller's sewing machine 
 
How often does the Tennessee Real Estate Commission (TREC) meet? correct answer: D. Once a month for up to three days a month ...
Regulatory Powers correct answer: Enable the agency to pass specific regulations and rules to support the administration of the license law 
 
Judicial Powers correct answer: Enable it to conduct hearings and investigations into the activities of licensees and to rule on license suspensions or rev...
Vista previa 2 fuera de 14 páginas
Añadir al carritoRegulatory Powers correct answer: Enable the agency to pass specific regulations and rules to support the administration of the license law 
 
Judicial Powers correct answer: Enable it to conduct hearings and investigations into the activities of licensees and to rule on license suspensions or rev...
coordinate inspections and deliver documents and escrow monies to the appropriate attorney correct answer: a broker or affiliate broker may perform all of the following in preparation for the closing EXCEPT 
 
may conduct the closing correct answer: a broker decides he wants to conduct the closing...
Vista previa 2 fuera de 9 páginas
Añadir al carritocoordinate inspections and deliver documents and escrow monies to the appropriate attorney correct answer: a broker or affiliate broker may perform all of the following in preparation for the closing EXCEPT 
 
may conduct the closing correct answer: a broker decides he wants to conduct the closing...
What year did the state enact the Tennessee real estate Broker License Act? correct answer: 1973 
 
What is the purpose of the Tennessee real estate broker license Act? correct answer: to create rules for real estate professionals to protect the public against harmful actions by licenses 
 
What d...
Vista previa 4 fuera de 31 páginas
Añadir al carritoWhat year did the state enact the Tennessee real estate Broker License Act? correct answer: 1973 
 
What is the purpose of the Tennessee real estate broker license Act? correct answer: to create rules for real estate professionals to protect the public against harmful actions by licenses 
 
What d...
What Tennessee law covers landlord-tenant relations? correct answer: Tennessee has the Uniform Landlord and Tenant Act for residential rentals. This law is designed to simplify, clarify, modernize, and revise the laws governing the rental of dwelling units and the rights and obligations of both lan...
Vista previa 3 fuera de 18 páginas
Añadir al carritoWhat Tennessee law covers landlord-tenant relations? correct answer: Tennessee has the Uniform Landlord and Tenant Act for residential rentals. This law is designed to simplify, clarify, modernize, and revise the laws governing the rental of dwelling units and the rights and obligations of both lan...
When an earnest money check is deposited, what information does Tennessee require be recorded and maintained? correct answer: Who provided the funds (the depositor) 
 
A principal broker in Tennessee is required ______ for all transactions in which affiliated licensees participate. correct answer: ...
Vista previa 2 fuera de 11 páginas
Añadir al carritoWhen an earnest money check is deposited, what information does Tennessee require be recorded and maintained? correct answer: Who provided the funds (the depositor) 
 
A principal broker in Tennessee is required ______ for all transactions in which affiliated licensees participate. correct answer: ...
Conditional use permit or zoning variance correct answer: A land owner wishes to build a neighborhood grocery store on a busy street in the area zoned for residential use which of the following would most likely be used to obtain permission for the store 
 
The federally subsidized flood insurance ...
Vista previa 2 fuera de 15 páginas
Añadir al carritoConditional use permit or zoning variance correct answer: A land owner wishes to build a neighborhood grocery store on a busy street in the area zoned for residential use which of the following would most likely be used to obtain permission for the store 
 
The federally subsidized flood insurance ...
Ratification, Estoppel, agreement are all correct 
 
 
An agency relationship may be created by: correct answer: Ratification, Estoppel, agreement are all correct 
 
Failure to perform any of the terms or conditions of a contract is called correct answer: Breach 
 
A licensed real estate broker is...
Vista previa 3 fuera de 25 páginas
Añadir al carritoRatification, Estoppel, agreement are all correct 
 
 
An agency relationship may be created by: correct answer: Ratification, Estoppel, agreement are all correct 
 
Failure to perform any of the terms or conditions of a contract is called correct answer: Breach 
 
A licensed real estate broker is...
A Tennessee licensee must use the "Exclusive Right to Sell" form correct answer: required by the licensee's broker. 
 
According to the level of authority delegated to the agent, the usual real estate agency is a correct answer: limited agency. 
 
When must the contract be in writing? correct a...
Vista previa 3 fuera de 20 páginas
Añadir al carritoA Tennessee licensee must use the "Exclusive Right to Sell" form correct answer: required by the licensee's broker. 
 
According to the level of authority delegated to the agent, the usual real estate agency is a correct answer: limited agency. 
 
When must the contract be in writing? correct a...
Enable the agency to pass specific regulations and rules to support the administration of the license law correct answer: Regulatory Powers 
 
Enable it to conduct hearings and investigations into the activities of licensees and to rule on license suspensions or revocations correct answer: Judicia...
Vista previa 2 fuera de 11 páginas
Añadir al carritoEnable the agency to pass specific regulations and rules to support the administration of the license law correct answer: Regulatory Powers 
 
Enable it to conduct hearings and investigations into the activities of licensees and to rule on license suspensions or revocations correct answer: Judicia...
TREC can hold as many meetings as it deems necessary throughout the year, but it must have a minimum of three meetings. Where must these meetings take place? correct answer: One in each, West, middle, east division 
 
Gideon is planning to run a full-page ad in the Knoxville newspaper to promote hi...
Vista previa 3 fuera de 16 páginas
Añadir al carritoTREC can hold as many meetings as it deems necessary throughout the year, but it must have a minimum of three meetings. Where must these meetings take place? correct answer: One in each, West, middle, east division 
 
Gideon is planning to run a full-page ad in the Knoxville newspaper to promote hi...
What year was the Real Estate Commision for TN formed? correct answer: 1951 
 
Licenses, registers and regulates real estate brokers and affiliate brokers, real estate firms, rental location agents, time-share salespersons and developments, vacation clubs and vacation lodging services. correct answ...
Vista previa 3 fuera de 16 páginas
Añadir al carritoWhat year was the Real Estate Commision for TN formed? correct answer: 1951 
 
Licenses, registers and regulates real estate brokers and affiliate brokers, real estate firms, rental location agents, time-share salespersons and developments, vacation clubs and vacation lodging services. correct answ...
Broker correct answer: Any person, partnership, association who, for a fee, sells, lists, leases, exchanges, negotiates, or otherwise deals in the real estate of others, or represents publicly that he does 
 
Affiliate broker correct answer: Any person engaged under contract by or on behalf of a l...
Vista previa 2 fuera de 7 páginas
Añadir al carritoBroker correct answer: Any person, partnership, association who, for a fee, sells, lists, leases, exchanges, negotiates, or otherwise deals in the real estate of others, or represents publicly that he does 
 
Affiliate broker correct answer: Any person engaged under contract by or on behalf of a l...
A month-to-month lease agreement is considered to be this type of leasehold estate, in which the total duration is unknown. correct answer: Estate at will 
 
Which activity requires a license? correct answer: Negotiating with or aiding any person in locating or obtaining for purchase, lease, or ac...
Vista previa 3 fuera de 22 páginas
Añadir al carritoA month-to-month lease agreement is considered to be this type of leasehold estate, in which the total duration is unknown. correct answer: Estate at will 
 
Which activity requires a license? correct answer: Negotiating with or aiding any person in locating or obtaining for purchase, lease, or ac...
Which violation is likely to result in license revocation? correct answer: criminal actions 
 
How many members of TREC are licensed real estate brokers or affiliate brokers in Tennessee? correct answer: 7 
 
What's the biggest security issue Tennessee licensees face when using social networking ...
Vista previa 3 fuera de 21 páginas
Añadir al carritoWhich violation is likely to result in license revocation? correct answer: criminal actions 
 
How many members of TREC are licensed real estate brokers or affiliate brokers in Tennessee? correct answer: 7 
 
What's the biggest security issue Tennessee licensees face when using social networking ...
What is the Tennessee Real Estate Commission? correct answer: The judicial body of the real estate industry in the state of Tennessee 
 
Who makes up the Tennessee Real Estate Commission? correct answer: 9 members - 3 from each grand division of the state 
 
*7 from the real estate industry - 2 fr...
Vista previa 2 fuera de 15 páginas
Añadir al carritoWhat is the Tennessee Real Estate Commission? correct answer: The judicial body of the real estate industry in the state of Tennessee 
 
Who makes up the Tennessee Real Estate Commission? correct answer: 9 members - 3 from each grand division of the state 
 
*7 from the real estate industry - 2 fr...
TREC can hold as many meetings as it deems necessary throughout the year, but it must have a minimum of three meetings. Where must these meetings take place? correct answer: One in each, West, middle, east division 
 
Gideon is planning to run a full-page ad in the Knoxville newspaper to promote hi...
Vista previa 3 fuera de 16 páginas
Añadir al carritoTREC can hold as many meetings as it deems necessary throughout the year, but it must have a minimum of three meetings. Where must these meetings take place? correct answer: One in each, West, middle, east division 
 
Gideon is planning to run a full-page ad in the Knoxville newspaper to promote hi...
When an earnest money check is deposited, what information does Tennessee require be recorded and maintained? correct answer: Who provided the funds (the depositor) 
 
A principal broker in Tennessee is required ______ for all transactions in which affiliated licensees participate. correct answer: ...
Vista previa 2 fuera de 11 páginas
Añadir al carritoWhen an earnest money check is deposited, what information does Tennessee require be recorded and maintained? correct answer: Who provided the funds (the depositor) 
 
A principal broker in Tennessee is required ______ for all transactions in which affiliated licensees participate. correct answer: ...
in accordance with TN law, transaction records should be maintained for a period of correct answer: Three years 
 
a type of listing illegal in TN correct answer: A net listing 
 
TN licensee Doug wants to advertise another brokers listing. whose permission must he have to do this correct answer: ...
Vista previa 3 fuera de 26 páginas
Añadir al carritoin accordance with TN law, transaction records should be maintained for a period of correct answer: Three years 
 
a type of listing illegal in TN correct answer: A net listing 
 
TN licensee Doug wants to advertise another brokers listing. whose permission must he have to do this correct answer: ...
The terms of the _______ determine who receives the earnest money. correct answer: contract 
 
Woody wanted to work for the new broker in town, so he filed the paperwork necessary to affiliate with a new broker. What will happen to his three listings and two buyer clients? correct answer: They rem...
Vista previa 3 fuera de 17 páginas
Añadir al carritoThe terms of the _______ determine who receives the earnest money. correct answer: contract 
 
Woody wanted to work for the new broker in town, so he filed the paperwork necessary to affiliate with a new broker. What will happen to his three listings and two buyer clients? correct answer: They rem...
TN real estate rules and regulations are enforced by? correct answer: TREC 
 
MLS stands for correct answer: Multiple Listing Service 
 
How many hours for pre-licensing affiliate brokers in TN is required correct answer: 90 
 
You have ___ many days to cancel a timeshare contract correct answer:...
Vista previa 3 fuera de 20 páginas
Añadir al carritoTN real estate rules and regulations are enforced by? correct answer: TREC 
 
MLS stands for correct answer: Multiple Listing Service 
 
How many hours for pre-licensing affiliate brokers in TN is required correct answer: 90 
 
You have ___ many days to cancel a timeshare contract correct answer:...
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