Tennessee license law Study guides, Class notes & Summaries

The Human Rights Act exists to ensure that Correct Answer: federal civil rights laws are carried out. What are the primary sources of laws and regulations governing real estate licensees in Tennessee? Correct Answer: The Tennessee Real Estate License Act and the Commission rules. Which of the following is a section in the License Act? Correct Answer: Qualifications and licensing What is a Commission policy statement? Correct Answer: An occasional amplification that becomes part of the r...

The Human Rights Act exists to ensure that Correct Answer: federal civil rights laws are carried out. What are the primary sources of laws and regulations governing real estate licensees in Tennessee? Correct Answer: The Tennessee Real Estate License Act and the Commission rules. Which of the following is a section in the License Act? Correct Answer: Qualifications and licensing What is a Commission policy statement? Correct Answer: An occasional amplification that becomes part of the r...

How many of the members of the Commission may come from the real estate industry? - ️️7 Which rule applies to the appointment of a full-time director of education? - ️️The person must be a college graduate. What is the purpose of The Real Estate Act? - ️️To protect the public against harmful acts by licensees If the Recovery Fund currently has $612,000 on-hand, what would be the most the Commission could spend on educational activities? - ️️$112,000 What minimum balan...

Tennessee Permit Test: Drivers Ed Questions and Answers Already Passed 2-1. When driving in for what should your headlights be on? Low Beam 2-2. When are child Restraining Devices Required? When a child under 1 years old or any child under 20 pounds 2-3. If the rear end of your car starts skidding to the left, what should you do? If your car starts skid, at the rear, turn the direction it's skidding. 3-1. What shape is the railroad ahead sign? A circle. 3-2. Two solid yellow lines between l...

1. Tim, a Tennessee licensee, is affiliated with principal broker Ashton. After a team meeting, Tim asked him "Why do we need to keep purchase documents and closing statements?" Ashton's response should be ______. "Tennessee law requires I keep records relating to any real estate transaction or else risk my license being revoked." 1. As part of her license renewal requirement, Tamsin must complete 16 hours of continuing education. What type of license does she hold? Affiliate broke...

What Tennessee law covers landlord-tenant relations? correct answer: Tennessee has the Uniform Landlord and Tenant Act for residential rentals. This law is designed to simplify, clarify, modernize, and revise the laws governing the rental of dwelling units and the rights and obligations of both landlords and tenants and to encourage them to maintain and improve the quality of housing. In addition, the law ensures that the right to the receipt of rent is inseparable from the duty to maintain the...

What Tennessee law covers landlord-tenant relations? Tennessee has the Uniform Landlord and Tenant Act for residential rentals. This law is designed to simplify, clarify, modernize, and revise the laws governing the rental of dwelling units and the rights and obligations of both landlords and tenants and to encourage them to maintain and improve the quality of housing. In addition, the law ensures that the right to the receipt of rent is inseparable from the duty to maintain the premises. Anyon...

What is the purpose of the Commission rules? Correct Answer: To enable the Commission to carry out its duties under the License Act Which law regulates the sale and promotion of vacation clubs? The Summer Act of 1967 The Tennessee Vacation Club Act of 1995 The Lake and Stream Act of 1995 The Vacations Act of 1988 Correct Answer: The Tennessee Vacation Club Act of 1995 Which of the following is a section in the License Act? Obtaining listings Office management Selling and marketin

TREC may impose a civil penalty on unlicensed persons of up to what amount per violation per day? A) $3,000. B) $1,000. C) $4,000. D) $2,000. Correct Answer: B) $1,000. Regarding E&O coverage for the firm, A) the minimum coverage must be at least $1,000,000. B) the amount of coverage is determined by the number of affiliated licensees. C) E&O coverage is not required, but bonding is. D) E&O coverage is not required. Correct Answer: D) E&O coverage is not required. 2 Should a licen...

A broken white line on the road represents - correct answerlanes of traffic moving in the same direction Tennessee law requires that upon approach of an emergency vehicle, all traffic meeting or being overtaken must - correct answeryield the right of way and stop close to the right edge of the road Operating a vehicle with a suspended license will result in the addition of ___ points. 5 - correct answer8 If a TN driver consumed three beers in one hour, about how long will it take for t...