TENNESSEE AFFILIATE BROKER EXAM PRACTICE
QUESTIONS AND CORRECT ANSWER WITH
EXPLANATION LATEST 2025-2026
1. The Tennessee Real Estate Commission (TREC) regulates:
A. Property taxes
B. Real estate licensing and conduct
C. Home construction codes
D. Mortgage underwriting
Answer: B
Rationale: TREC oversees licensing and regulation of real estate professionals in Tennessee.
2. A Tennessee affiliate broker must work under a:
A. Attorney
B. Principal broker
C. Appraiser
D. Builder
Answer: B
Rationale: Affiliate brokers must be supervised by a principal broker.
3. Real property includes:
A. Furniture
B. Land and improvements
C. Vehicles
D. Cash
Answer: B
Rationale: Real property is land plus permanent attachments.
4. Personal property is also known as:
,A. Fixtures
B. Chattels
C. Estates
D. Encumbrances
Answer: B
Rationale: Chattels are movable personal items.
5. A fixture is:
A. Temporary item
B. Permanently attached item
C. Lease agreement
D. Loan document
Answer: B
Rationale: Fixtures are part of real estate once attached.
6. The Statute of Frauds requires real estate contracts to be:
A. Oral
B. Written
C. Implied
D. Recorded verbally
Answer: B
Rationale: Real estate contracts must be in writing.
7. Fiduciary duty includes:
A. Loyalty
B. Tax filing
C. Lending
D. Appraisal
Answer: A
Rationale: Agents owe loyalty and care to clients.
8. Which is NOT a fiduciary duty?
, A. Confidentiality
B. Accounting
C. Advertising
D. Obedience
Answer: C
Rationale: Advertising is not a fiduciary duty.
9. Fair Housing laws prohibit discrimination based on:
A. Income
B. Protected classes
C. Job title
D. Age only
Answer: B
Rationale: Federal law protects specific classes.
10. Steering is:
A. Loan approval
B. Directing clients based on protected class
C. Appraisal method
D. Marketing strategy
Answer: B
Rationale: Steering is illegal discrimination.
11. Blockbusting is:
A. Renovation
B. Encouraging panic selling
C. Lending practice
D. Inspection method
Answer: B
Rationale: Illegal under fair housing laws.
12. A deed transfers:
QUESTIONS AND CORRECT ANSWER WITH
EXPLANATION LATEST 2025-2026
1. The Tennessee Real Estate Commission (TREC) regulates:
A. Property taxes
B. Real estate licensing and conduct
C. Home construction codes
D. Mortgage underwriting
Answer: B
Rationale: TREC oversees licensing and regulation of real estate professionals in Tennessee.
2. A Tennessee affiliate broker must work under a:
A. Attorney
B. Principal broker
C. Appraiser
D. Builder
Answer: B
Rationale: Affiliate brokers must be supervised by a principal broker.
3. Real property includes:
A. Furniture
B. Land and improvements
C. Vehicles
D. Cash
Answer: B
Rationale: Real property is land plus permanent attachments.
4. Personal property is also known as:
,A. Fixtures
B. Chattels
C. Estates
D. Encumbrances
Answer: B
Rationale: Chattels are movable personal items.
5. A fixture is:
A. Temporary item
B. Permanently attached item
C. Lease agreement
D. Loan document
Answer: B
Rationale: Fixtures are part of real estate once attached.
6. The Statute of Frauds requires real estate contracts to be:
A. Oral
B. Written
C. Implied
D. Recorded verbally
Answer: B
Rationale: Real estate contracts must be in writing.
7. Fiduciary duty includes:
A. Loyalty
B. Tax filing
C. Lending
D. Appraisal
Answer: A
Rationale: Agents owe loyalty and care to clients.
8. Which is NOT a fiduciary duty?
, A. Confidentiality
B. Accounting
C. Advertising
D. Obedience
Answer: C
Rationale: Advertising is not a fiduciary duty.
9. Fair Housing laws prohibit discrimination based on:
A. Income
B. Protected classes
C. Job title
D. Age only
Answer: B
Rationale: Federal law protects specific classes.
10. Steering is:
A. Loan approval
B. Directing clients based on protected class
C. Appraisal method
D. Marketing strategy
Answer: B
Rationale: Steering is illegal discrimination.
11. Blockbusting is:
A. Renovation
B. Encouraging panic selling
C. Lending practice
D. Inspection method
Answer: B
Rationale: Illegal under fair housing laws.
12. A deed transfers:
