TENNESSEE REAL ESTATE EXAMINATION TEST QUESTIONS
AND ANSWERS GUARANTEE A+ 2025/2026
✔✔Nathan is an agent with Countywide Realty. - ✔✔He should reply, 'If radon is a
concern to you then by all means have a radon test performed during your inspection
period.'
✔✔A licensee who assists one or more parties in a transaction and does not have a
specific written agency agreement to represent one or more of the parties - ✔✔Is called
a facilitator.
✔✔Unlicensed individual performing licensed act - ✔✔Guilty of a Class B misdemeanor
and is liable for up to three times the amount of any money received.
✔✔Tennessee state theory - ✔✔Tennessee is primarily a lien theory state.
✔✔Broker payment exceptions - ✔✔A broker may pay all the following EXCEPT an
individual who is no longer licensed but was licensed with the broker at the time of the
transaction.
✔✔Agency relationship in Tennessee - ✔✔An agency relationship refers to a
relationship between the licensee and another party resulting from a signed agency
contract.
✔✔Broker earnest money deposit - ✔✔A broker must deposit earnest money into the
escrow account immediately upon receipt.
✔✔Customer definition - ✔✔A party in a transaction, other than the client, for whom or
to whom a licensee provides real estate services is called a customer.
✔✔Tennessee Real Estate Commission statement - ✔✔Members may serve a
maximum of three terms.
✔✔Trust accounts requirements - ✔✔All brokers must maintain escrow account records
for a minimum of five years.
✔✔Designated agent exam requirement - ✔✔Dana must take the same exam as a
time-share salesperson.
✔✔Minimum passing score for affiliate broker license - ✔✔Kathy needs to receive 70%
for national and 75% for state.
✔✔Commission sharing - ✔✔A broker may share commission with a broker in Georgia
who provides a referral.
, ✔✔Real estate office changes notification - ✔✔Within ten days of location change, all
licensees registered at that office are required to notify the Commission in writing of
their new business address and pay a fee.
✔✔Commission notification for principal broker resignation - ✔✔The Commission must
be notified within ten days of the resignation of the principal broker.
✔✔Escrow account requirement upon office location change - ✔✔When transferring
office location, the broker must immediately open a new escrow account in an institution
in the vicinity of the office.
✔✔Misrepresentation consequences in disclosures - ✔✔Misrepresentation cannot
result in court action for actual damages.
✔✔Limited warranty in disclosures - ✔✔The Residential Property Condition Disclosure
form is a limited warranty.
✔✔Owner's requirement when selling 'as-is' - ✔✔When selling 'as-is', the owner is not
required to provide the buyer with any documentation.
✔✔Trust account for affiliate broker - ✔✔An affiliate broker may, with the approval of
her broker, have a trust account for client funds.
✔✔Escrow account for earnest money - ✔✔The broker must have one escrow account
for earnest money, security deposits, and other funds belonging to others.
✔✔Broker's obligation upon offer acceptance - ✔✔A broker must deposit earnest
money promptly after offer acceptance or according to buyer's instructions in the offer.
✔✔False statement about Tennessee Real Estate Commission - ✔✔Three members
are appointed from each of the three grand divisions.
✔✔Broker's payment to a secretary - ✔✔A broker may share commission with a
secretary at a local school for providing information on families moving to the area.
✔✔Real estate taxes in Tennessee - ✔✔assessed at 10%, 20%, 25%, or 30% of market
value.
✔✔Right of a landlord - ✔✔Retaining a tenant's security deposit for nonpayment of rent.
✔✔Tennessee property distribution - ✔✔equitable distribution state.
AND ANSWERS GUARANTEE A+ 2025/2026
✔✔Nathan is an agent with Countywide Realty. - ✔✔He should reply, 'If radon is a
concern to you then by all means have a radon test performed during your inspection
period.'
✔✔A licensee who assists one or more parties in a transaction and does not have a
specific written agency agreement to represent one or more of the parties - ✔✔Is called
a facilitator.
✔✔Unlicensed individual performing licensed act - ✔✔Guilty of a Class B misdemeanor
and is liable for up to three times the amount of any money received.
✔✔Tennessee state theory - ✔✔Tennessee is primarily a lien theory state.
✔✔Broker payment exceptions - ✔✔A broker may pay all the following EXCEPT an
individual who is no longer licensed but was licensed with the broker at the time of the
transaction.
✔✔Agency relationship in Tennessee - ✔✔An agency relationship refers to a
relationship between the licensee and another party resulting from a signed agency
contract.
✔✔Broker earnest money deposit - ✔✔A broker must deposit earnest money into the
escrow account immediately upon receipt.
✔✔Customer definition - ✔✔A party in a transaction, other than the client, for whom or
to whom a licensee provides real estate services is called a customer.
✔✔Tennessee Real Estate Commission statement - ✔✔Members may serve a
maximum of three terms.
✔✔Trust accounts requirements - ✔✔All brokers must maintain escrow account records
for a minimum of five years.
✔✔Designated agent exam requirement - ✔✔Dana must take the same exam as a
time-share salesperson.
✔✔Minimum passing score for affiliate broker license - ✔✔Kathy needs to receive 70%
for national and 75% for state.
✔✔Commission sharing - ✔✔A broker may share commission with a broker in Georgia
who provides a referral.
, ✔✔Real estate office changes notification - ✔✔Within ten days of location change, all
licensees registered at that office are required to notify the Commission in writing of
their new business address and pay a fee.
✔✔Commission notification for principal broker resignation - ✔✔The Commission must
be notified within ten days of the resignation of the principal broker.
✔✔Escrow account requirement upon office location change - ✔✔When transferring
office location, the broker must immediately open a new escrow account in an institution
in the vicinity of the office.
✔✔Misrepresentation consequences in disclosures - ✔✔Misrepresentation cannot
result in court action for actual damages.
✔✔Limited warranty in disclosures - ✔✔The Residential Property Condition Disclosure
form is a limited warranty.
✔✔Owner's requirement when selling 'as-is' - ✔✔When selling 'as-is', the owner is not
required to provide the buyer with any documentation.
✔✔Trust account for affiliate broker - ✔✔An affiliate broker may, with the approval of
her broker, have a trust account for client funds.
✔✔Escrow account for earnest money - ✔✔The broker must have one escrow account
for earnest money, security deposits, and other funds belonging to others.
✔✔Broker's obligation upon offer acceptance - ✔✔A broker must deposit earnest
money promptly after offer acceptance or according to buyer's instructions in the offer.
✔✔False statement about Tennessee Real Estate Commission - ✔✔Three members
are appointed from each of the three grand divisions.
✔✔Broker's payment to a secretary - ✔✔A broker may share commission with a
secretary at a local school for providing information on families moving to the area.
✔✔Real estate taxes in Tennessee - ✔✔assessed at 10%, 20%, 25%, or 30% of market
value.
✔✔Right of a landlord - ✔✔Retaining a tenant's security deposit for nonpayment of rent.
✔✔Tennessee property distribution - ✔✔equitable distribution state.
