TENNESSEE STATE EXAM RE
QUESTIONS & ANSWERS (RATED A+)
Who of the following is required to have a real estate license? - ANSWERB.
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? -
ANSWERD. Once a month for up to three days a month
In Tennessee, who of the following would need to be a licensed real estate or
affiliate broker? - ANSWERA. Person who manages, for the owner or broker, leased
office spaces
In Tennessee, applications for any real estate license must: - ANSWERBe
completed within six months after taking and passing the state written exam
A real estate license is required for all of the following activities EXCEPT: -
ANSWERB. reselling a mobile home
A Tennessee real estate affiliate broker may lawfully collect compensation from: -
ANSWERB. His or her employing broker only
Every Tennessee real estate office is required to - ANSWERB. Keep transaction
records for three years
All of the following are necessary for a broker to be entitled to a commission
EXCEPT a(n) - ANSWERD. Contract with someone to get paid for the service
A licensed affiliated broker may hold a concurrent license with more than one
Tennessee broker under which of the following circumstances? - ANSWERA. Under
no circumstances
A seller listed his house for sale with a broker in February. The listing agreement
was to last five months. In April, the seller decided that the house was no longer for
sale and notified the broker that he was cancelling the listing agreement. The seller -
ANSWERB. Has withdrawn the broker's authority to sell the property and may be
liable for compensation to the broker.
When a sole proprietor broker has his or her license suspended for two years, what
effect does this have on the affiliate brokers and other brokers affiliated with the
proprietor? - ANSWERD. Affiliate's licenses will also be suspended for a two year
period
Listings based on "net price" are - ANSWERC. Illegal in Tennessee at any time
QUESTIONS & ANSWERS (RATED A+)
Who of the following is required to have a real estate license? - ANSWERB.
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? -
ANSWERD. Once a month for up to three days a month
In Tennessee, who of the following would need to be a licensed real estate or
affiliate broker? - ANSWERA. Person who manages, for the owner or broker, leased
office spaces
In Tennessee, applications for any real estate license must: - ANSWERBe
completed within six months after taking and passing the state written exam
A real estate license is required for all of the following activities EXCEPT: -
ANSWERB. reselling a mobile home
A Tennessee real estate affiliate broker may lawfully collect compensation from: -
ANSWERB. His or her employing broker only
Every Tennessee real estate office is required to - ANSWERB. Keep transaction
records for three years
All of the following are necessary for a broker to be entitled to a commission
EXCEPT a(n) - ANSWERD. Contract with someone to get paid for the service
A licensed affiliated broker may hold a concurrent license with more than one
Tennessee broker under which of the following circumstances? - ANSWERA. Under
no circumstances
A seller listed his house for sale with a broker in February. The listing agreement
was to last five months. In April, the seller decided that the house was no longer for
sale and notified the broker that he was cancelling the listing agreement. The seller -
ANSWERB. Has withdrawn the broker's authority to sell the property and may be
liable for compensation to the broker.
When a sole proprietor broker has his or her license suspended for two years, what
effect does this have on the affiliate brokers and other brokers affiliated with the
proprietor? - ANSWERD. Affiliate's licenses will also be suspended for a two year
period
Listings based on "net price" are - ANSWERC. Illegal in Tennessee at any time
