Licensing Requirements exam with 100% correct answers.

An affiliate broker must pass the exams with a 70% or higher Affiliate broker pre-licensing educational requirements: -High school diploma or a GED certificate -90 hours of pre-licensing coursework (60 hours of real estate principles/fundamentals, which must be completed before sitting for the licensing exam) Affiliate broker post-licensing educational requirements: 30 hours of courses for new affiliates within 6 months of obtaining license Broker and affiliate broker continuing education requirements 16 hours of learning each two year period renewal All Tennessee applicants must also provide proof that they are at least 18 years old If a licensee fails to comply or does not pay the renewal fee within _____ days of the license expiration, the licensee must pay a penalty fee of _____ for each 30-day period between expiration and reinstatement. 60 hours $50 Licenses that have expired more than ______ days but less than a year will incur an increased fee of _____ per $30-day period beginning on the 121st day 100 days $100 If a license is expired for more than one year, the licensee must reapply for licensure, meet current education requirements, and pass all required examinations. All licensees registered with that firm must notify the real estate commission, in writing, within ______ days of the move , and pay a change of address fee. 10 days Tennessee law requires each office have a real estate firm license Each firm must have a principal broker, as well as a physical location and an adequate facility to accommodate affiliated licensees.