TENNESSEE REAL ESTATE END OF COURSE QUESTIONS AND
ANSWERS GUARANTEE A+ 2025/2026
✔✔What is the license renewal fee for an affiliate broker? - ✔✔$80
✔✔How much is the PSI exam fee? - ✔✔$43
✔✔What can an unlicensed assistant do at a Brokerage? - ✔✔Allowed to open doors
for open house but cannot show house,
they can look up a property but they cannot show it,
they can assemble documents for closing,
place ad which have been approved by the broker
Have keys made for a listing
Distribute commission checks
Can place sign on the property
Can disclose the current sales status of a listed property
✔✔What is an unlicensed assistant not allowed to do at Brokerage? - ✔✔Cannot show
houses
Cannot except commissions/ Referral fee
Cannot make cold calls
Cannot host open houses/ show booths
Cannot explain listings, contracts or other similar matters with persons outside of the
firm
✔✔You cannot pay anyone commission unless they have a license. True or false -
✔✔true
✔✔Tennessee law states that the licensee can lose his or her license for using a sales
contract form or offer to purchase form that failed to specify a definitive * termination
date *? True or false - ✔✔True. Affiliate broker could lose their license for failing to do
so
✔✔A licensee may lose his license for failing to furnish a *copy *of any listing, sales,
lease or other contract of a real estate transaction to all parties involved *right after they
have signed*. True or false - ✔✔True. Copies of documents must be given right after
they are signed
✔✔Are net listings legal in Tennessee? - ✔✔No it is illegal in Tennessee
✔✔Can a diamond ring be used as earnest money or commission? - ✔✔yes
✔✔What is the minimum balance that the real estate commission needs to keep in the
education and recovery account? - ✔✔$500,000
, ✔✔The commission will hear complaints for all of the following except:
-Embezzlement
-Fraud
-E &O insurance
-Misrepresentation - ✔✔E&O insurance
✔✔How long is the affiliate license good for? - ✔✔2 years
✔✔How many hours of continued education does an affiliate broker need? - ✔✔*16
hours* every *2* years
✔✔If you practice as a broker, affiliate broker, timeshare sales person without a license
it is considered a_________? - ✔✔Misdemeanor
✔✔If you get commission from someone other than a broker or a bonus from the seller
what will the penalty be? - ✔✔The commission will make you give it back plus treble
damages (3x)
✔✔How long does a commission member serve for? - ✔✔5 years
✔✔How many members of the commission did not hold a real estate related job before
being appointed - ✔✔2
✔✔The commission members need to be _______of the state and shall
possess_____________. - ✔✔Resident
Good moral character
✔✔The Commission never get involved in commission disputes. True or false? -
✔✔true
✔✔What is the education and recovery account fee for affiliate brokers? - ✔✔$10
✔✔Tennessee real estate commission - ✔✔In Tennessee the real estate license law is
administered by the....
✔✔Tennessee real estate commission - ✔✔9 Members, 3 from each grand division of
the state
✔✔How is education in recovery account money spent - ✔✔Pays for
real estate manual/paperwork
Pays for a place to hold their seminars
ANSWERS GUARANTEE A+ 2025/2026
✔✔What is the license renewal fee for an affiliate broker? - ✔✔$80
✔✔How much is the PSI exam fee? - ✔✔$43
✔✔What can an unlicensed assistant do at a Brokerage? - ✔✔Allowed to open doors
for open house but cannot show house,
they can look up a property but they cannot show it,
they can assemble documents for closing,
place ad which have been approved by the broker
Have keys made for a listing
Distribute commission checks
Can place sign on the property
Can disclose the current sales status of a listed property
✔✔What is an unlicensed assistant not allowed to do at Brokerage? - ✔✔Cannot show
houses
Cannot except commissions/ Referral fee
Cannot make cold calls
Cannot host open houses/ show booths
Cannot explain listings, contracts or other similar matters with persons outside of the
firm
✔✔You cannot pay anyone commission unless they have a license. True or false -
✔✔true
✔✔Tennessee law states that the licensee can lose his or her license for using a sales
contract form or offer to purchase form that failed to specify a definitive * termination
date *? True or false - ✔✔True. Affiliate broker could lose their license for failing to do
so
✔✔A licensee may lose his license for failing to furnish a *copy *of any listing, sales,
lease or other contract of a real estate transaction to all parties involved *right after they
have signed*. True or false - ✔✔True. Copies of documents must be given right after
they are signed
✔✔Are net listings legal in Tennessee? - ✔✔No it is illegal in Tennessee
✔✔Can a diamond ring be used as earnest money or commission? - ✔✔yes
✔✔What is the minimum balance that the real estate commission needs to keep in the
education and recovery account? - ✔✔$500,000
, ✔✔The commission will hear complaints for all of the following except:
-Embezzlement
-Fraud
-E &O insurance
-Misrepresentation - ✔✔E&O insurance
✔✔How long is the affiliate license good for? - ✔✔2 years
✔✔How many hours of continued education does an affiliate broker need? - ✔✔*16
hours* every *2* years
✔✔If you practice as a broker, affiliate broker, timeshare sales person without a license
it is considered a_________? - ✔✔Misdemeanor
✔✔If you get commission from someone other than a broker or a bonus from the seller
what will the penalty be? - ✔✔The commission will make you give it back plus treble
damages (3x)
✔✔How long does a commission member serve for? - ✔✔5 years
✔✔How many members of the commission did not hold a real estate related job before
being appointed - ✔✔2
✔✔The commission members need to be _______of the state and shall
possess_____________. - ✔✔Resident
Good moral character
✔✔The Commission never get involved in commission disputes. True or false? -
✔✔true
✔✔What is the education and recovery account fee for affiliate brokers? - ✔✔$10
✔✔Tennessee real estate commission - ✔✔In Tennessee the real estate license law is
administered by the....
✔✔Tennessee real estate commission - ✔✔9 Members, 3 from each grand division of
the state
✔✔How is education in recovery account money spent - ✔✔Pays for
real estate manual/paperwork
Pays for a place to hold their seminars
