TN Real Estate Exam Questions and
Answers 100% PASS
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 on a all-cash sales of a property between his clients, the seller,
and the buyer, his customer. with these parties, the broker
receive up to $50K from the real estate education and recovery account for the full
judgment amount plus court costs and attorney's fees - CORRECT ANSWER-an
aggrieved person is awarded a judgment against a real estate licensee for violation
of the Tennessee Real Estate Broker Act of 1973. Regarding the real estate
education and recovery account, the aggrieved party has the right to
provide a means of compensation for actual monetary losses suffered by
individuals as a result of the acts of a licensee violating the license law or
committing other illegal acts related to a real estate transaction - CORRECT
, ANSWER-the purpose of the Tennessee Real Estate Education and Recovery
Account is
$15K - CORRECT ANSWER-the maximum liability of the Tennessee Real Estate
Education and Recovery Account for any single transaction, regardless of the
number of persons aggrieved or parcels of real estate involved in such transaction,
shall not exceed
$30K - CORRECT ANSWER-a real estate licensee ( broker, affiliate broker, or
time share salesperson) is found financially liable in four law suits involving several
different transactions. The court orders payment from the Real Estate Education
and Recovery Account for the judgments. What is the maximum that can be paid
to the consumers of behalf of the broker affiliate broker, or time share salesperson
for these judgments
licensee must repay the full amount plus interest to the account if his or her license
is to be reinstated. - CORRECT ANSWER-whenever the commission is required
to satisfy a claim against a licensee with money from the real estate education and
recovery account, they may revoke the licensee's license. In the event that this
happens, the
$500,000 - CORRECT ANSWER-what is the minimum balance of the Tennessee
Real Estate Education and Recovery Account
COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED
Answers 100% PASS
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 on a all-cash sales of a property between his clients, the seller,
and the buyer, his customer. with these parties, the broker
receive up to $50K from the real estate education and recovery account for the full
judgment amount plus court costs and attorney's fees - CORRECT ANSWER-an
aggrieved person is awarded a judgment against a real estate licensee for violation
of the Tennessee Real Estate Broker Act of 1973. Regarding the real estate
education and recovery account, the aggrieved party has the right to
provide a means of compensation for actual monetary losses suffered by
individuals as a result of the acts of a licensee violating the license law or
committing other illegal acts related to a real estate transaction - CORRECT
, ANSWER-the purpose of the Tennessee Real Estate Education and Recovery
Account is
$15K - CORRECT ANSWER-the maximum liability of the Tennessee Real Estate
Education and Recovery Account for any single transaction, regardless of the
number of persons aggrieved or parcels of real estate involved in such transaction,
shall not exceed
$30K - CORRECT ANSWER-a real estate licensee ( broker, affiliate broker, or
time share salesperson) is found financially liable in four law suits involving several
different transactions. The court orders payment from the Real Estate Education
and Recovery Account for the judgments. What is the maximum that can be paid
to the consumers of behalf of the broker affiliate broker, or time share salesperson
for these judgments
licensee must repay the full amount plus interest to the account if his or her license
is to be reinstated. - CORRECT ANSWER-whenever the commission is required
to satisfy a claim against a licensee with money from the real estate education and
recovery account, they may revoke the licensee's license. In the event that this
happens, the
$500,000 - CORRECT ANSWER-what is the minimum balance of the Tennessee
Real Estate Education and Recovery Account
COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED
