TENNESSEE REAL ESTATE REVISION EXAMS QUESTIONS
AND ANSWERS GUARANTEE A+ 2025/2026
✔✔The licensee may be subject to legal action for:
failure to disclose adverse facts not reported in inspection reports.
failure to disclose adverse facts of which the seller had actual knowledge.
failure to disclose adverse facts of which the licensee had NO actual knowledge.
failure to disclose adverse facts of which the licensee had actual knowledge. - ✔✔failure
to disclose adverse facts of which the licensee had actual knowledge.
✔✔Which of the following is a duty a licensee owes the party he represents as agent in
a property sale?
Put the client's best interests above those of all others, including the public.
Conceal all known and unknown adverse facts unless instructed by the client to reveal
them.
Obey the client's instructions, no matter what.
Obey all legal instructions within the scope of the agreement. - ✔✔Obey all legal
instructions within the scope of the agreement.
✔✔In a designated agency situation, the managing broker
is considered to be a dual agent.
is not considered to be a dual agent.
has less managing broker's responsibilities.
has diminished contractual rights. - ✔✔is not considered to be a dual agent.
✔✔There is no agency relationship unless there is
a licensed broker and an affiliate broker.
a listing agreement.
a power of attorney.
a written bilateral agreement. - ✔✔a written bilateral agreement.
✔✔Under what circumstances may a seller give the buyer a disclaimer statement rather
than a disclosure statement?
The buyer explicitly waives the disclosure.
The seller has nothing to disclose.
The seller chooses not to reveal latent defects.
The buyer does not specifically request a disclosure statement. - ✔✔
✔✔Which of the following practices would most likely be permitted under the Consumer
Protection Act?
,Advertising that a house is in perfect condition when the broker knows of a hidden
foundation problem
Advertising that a house is for sale even though there is an offer pending
Informing a disabled person that wheelchairs are not allowed at an open house
Informing a buyer that a seller is forced to sell because of a financial reverse when he
knows this to be false - ✔✔Advertising that a house is for sale even though there is an
offer pending
✔✔Agent Fred frequently asks friends to place listing advertisements of their properties
that are not for sale. What can be said about his actions?
This action is legal if sanctioned by his brokerage.
This is a deceptive practice and/or prohibited conduct under the Real Estate Licensing
Act.
This conduct is NOT prohibited by the License Act.
This action violates the Fair Housing Laws. - ✔✔This is a deceptive practice and/or
prohibited conduct under the Real Estate Licensing Act.
✔✔Agent Bill frequently allow months to pass before depositing escrow monies. He is in
violation of the
Escrow Account Fund Act.
Real Estate Reporting Act.
Real Estate Licensing Act.
Real Estate Deposit Act. - ✔✔Real Estate Licensing Act.
✔✔How long does one have to file a complaint with the Commission about a licensee's
misleading advertising behavior?
Up until the expiration date of his or her license
As long as it takes to gather necessary documentation
Two years from the person's discovery of the violation
The period of time up until the licensee is charged in a court action - ✔✔Two years from
the person's discovery of the violation
✔✔A broker who wants to buy a house for himself risks creating a conflict of interest
unless
he requests a temporary downgrade of his license.
he hires another broker to represent him.
he fully discloses his interest to the seller.
he offers the full asking price. - ✔✔he fully discloses his interest to the seller.
✔✔Which of the following actions guard against creating a conflict of interest?
, Selling from one's own account
Dual Agency
Net Listings
Signed Disclosures - ✔✔Signed Disclosures
✔✔Which of the following acts would probably constitute an illegal act of discrimination?
Assisting a person who does not understand English to read a property description
Refusing to show a listing to a person because of that person's religion
Informing a church group that there is a former church property for sale
Refusing to follow a seller's instructions to show her house only to African American
buyers - ✔✔Refusing to show a listing to a person because of that person's religion
✔✔After a consumer has filed a written complaint to the Commission alleging that a
licensee has violated the License Act, the next step in the process will most likely be
what?
The Commission will investigate.
The Commission will suspend the licensee's license.
A court will issue a cease and desist order.
The complainant will be called to appear in person before the Commission. - ✔✔The
Commission will investigate.
✔✔The Commission may revoke a license if it finds the licensee has been
inactive for more than six months.
working as a personal assistant to another licensee.
engaging in internet listings without an e-license.
failing to maintain completed transaction records for at least three years. - ✔✔failing to
maintain completed transaction records for at least three years.
✔✔A person tells a rental location agent she is looking for a small two-bedroom house
to rent. The agent says he has a number of such houses in his listings, although he
really has none. When the prospective tenant comes in to the office, the agent tries to
convince her to rent a three-bedroom house. Has the agent committed any violation?
Yes, a Class C misdemeanor
Yes, a Class A felony
Not unless the prospective tenant signs a lease
Not if the prospective tenant agrees to consider a three-bedroom house - ✔✔Yes, a
Class C misdemeanor
✔✔When is the latest time a time-share developer has to give a purchaser the public
offering statement?
AND ANSWERS GUARANTEE A+ 2025/2026
✔✔The licensee may be subject to legal action for:
failure to disclose adverse facts not reported in inspection reports.
failure to disclose adverse facts of which the seller had actual knowledge.
failure to disclose adverse facts of which the licensee had NO actual knowledge.
failure to disclose adverse facts of which the licensee had actual knowledge. - ✔✔failure
to disclose adverse facts of which the licensee had actual knowledge.
✔✔Which of the following is a duty a licensee owes the party he represents as agent in
a property sale?
Put the client's best interests above those of all others, including the public.
Conceal all known and unknown adverse facts unless instructed by the client to reveal
them.
Obey the client's instructions, no matter what.
Obey all legal instructions within the scope of the agreement. - ✔✔Obey all legal
instructions within the scope of the agreement.
✔✔In a designated agency situation, the managing broker
is considered to be a dual agent.
is not considered to be a dual agent.
has less managing broker's responsibilities.
has diminished contractual rights. - ✔✔is not considered to be a dual agent.
✔✔There is no agency relationship unless there is
a licensed broker and an affiliate broker.
a listing agreement.
a power of attorney.
a written bilateral agreement. - ✔✔a written bilateral agreement.
✔✔Under what circumstances may a seller give the buyer a disclaimer statement rather
than a disclosure statement?
The buyer explicitly waives the disclosure.
The seller has nothing to disclose.
The seller chooses not to reveal latent defects.
The buyer does not specifically request a disclosure statement. - ✔✔
✔✔Which of the following practices would most likely be permitted under the Consumer
Protection Act?
,Advertising that a house is in perfect condition when the broker knows of a hidden
foundation problem
Advertising that a house is for sale even though there is an offer pending
Informing a disabled person that wheelchairs are not allowed at an open house
Informing a buyer that a seller is forced to sell because of a financial reverse when he
knows this to be false - ✔✔Advertising that a house is for sale even though there is an
offer pending
✔✔Agent Fred frequently asks friends to place listing advertisements of their properties
that are not for sale. What can be said about his actions?
This action is legal if sanctioned by his brokerage.
This is a deceptive practice and/or prohibited conduct under the Real Estate Licensing
Act.
This conduct is NOT prohibited by the License Act.
This action violates the Fair Housing Laws. - ✔✔This is a deceptive practice and/or
prohibited conduct under the Real Estate Licensing Act.
✔✔Agent Bill frequently allow months to pass before depositing escrow monies. He is in
violation of the
Escrow Account Fund Act.
Real Estate Reporting Act.
Real Estate Licensing Act.
Real Estate Deposit Act. - ✔✔Real Estate Licensing Act.
✔✔How long does one have to file a complaint with the Commission about a licensee's
misleading advertising behavior?
Up until the expiration date of his or her license
As long as it takes to gather necessary documentation
Two years from the person's discovery of the violation
The period of time up until the licensee is charged in a court action - ✔✔Two years from
the person's discovery of the violation
✔✔A broker who wants to buy a house for himself risks creating a conflict of interest
unless
he requests a temporary downgrade of his license.
he hires another broker to represent him.
he fully discloses his interest to the seller.
he offers the full asking price. - ✔✔he fully discloses his interest to the seller.
✔✔Which of the following actions guard against creating a conflict of interest?
, Selling from one's own account
Dual Agency
Net Listings
Signed Disclosures - ✔✔Signed Disclosures
✔✔Which of the following acts would probably constitute an illegal act of discrimination?
Assisting a person who does not understand English to read a property description
Refusing to show a listing to a person because of that person's religion
Informing a church group that there is a former church property for sale
Refusing to follow a seller's instructions to show her house only to African American
buyers - ✔✔Refusing to show a listing to a person because of that person's religion
✔✔After a consumer has filed a written complaint to the Commission alleging that a
licensee has violated the License Act, the next step in the process will most likely be
what?
The Commission will investigate.
The Commission will suspend the licensee's license.
A court will issue a cease and desist order.
The complainant will be called to appear in person before the Commission. - ✔✔The
Commission will investigate.
✔✔The Commission may revoke a license if it finds the licensee has been
inactive for more than six months.
working as a personal assistant to another licensee.
engaging in internet listings without an e-license.
failing to maintain completed transaction records for at least three years. - ✔✔failing to
maintain completed transaction records for at least three years.
✔✔A person tells a rental location agent she is looking for a small two-bedroom house
to rent. The agent says he has a number of such houses in his listings, although he
really has none. When the prospective tenant comes in to the office, the agent tries to
convince her to rent a three-bedroom house. Has the agent committed any violation?
Yes, a Class C misdemeanor
Yes, a Class A felony
Not unless the prospective tenant signs a lease
Not if the prospective tenant agrees to consider a three-bedroom house - ✔✔Yes, a
Class C misdemeanor
✔✔When is the latest time a time-share developer has to give a purchaser the public
offering statement?
