Tennessee license law Study guides, Class notes & Summaries

What is the name of the Tennessee real estate regulatory body? a) Division of the Tennessee Real Estate B) Tennessee Real Estate Commission C) Board of Real Estate Regulators D) Tennessee Real Estate Board B How many members are on the Tennessee Real Estate Commission? A) 10 B) 9 C) 5 D) 15 B How many years may they serve? a) 3 years b) 5 years c) 6 years d) 4 years b What is the purpose and mission of TREC? a) to license and regulate real estate brokers and ...

Tennessee MLO Questions and Answers Rated A+ In order to qualify for licensure, lenders, brokers and servicers are required to obtain a surety bond payable to the state Mortg Lenders Surety Bond The minimum/initial bond amount is $200,000 Mortg Brokers Surety Bond The minimum/initial bond amount is $90,000 Mortg Loan SERVICERS Surety BOND is Actually just $200,000 In the event a recovery action is filed against the bond.. he licensee is required to immediately post a new bond...

TN Real Estate State Test Questions and Answers Already Passed What Tennessee law covers landlord-tenant relations? - 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 righ...

What year was the Real Estate Commision for TN formed? 1951 Licenses, registers and regulates real estate brokers and affiliate brokers, real estate firms, rental location agents, time-share salespersons and developments, vacation clubs and vacation lodging services. Responsibilities of the TN Real Estate Commision Who enacts rules addressing professional conduct and standards of practice. Tennessee Real Estate Commision The mission is to protect the public through establ...

How many hours are required for AF Broker exam 90 Another name for escrow account Trust account What responsibility does a broker have when a licensee wants to change brokerages? Immediately sign TREC's Transfer, Release and Change of Status Form to release the licensee. Why do residential and commercial real estate purchases in Tennessee require different contracts? To provide the proper legal protections to the parties involved. You're the seller's agent for ...

What Tennessee law covers landlord-tenant relations? - 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 premise...

TN State Law Exam- Funeral Directing Questions and Answers Already Passed This is the person who is legally entitled to authorize cremation, funeral service, and dispositions: authorizing agent Can a licensed funeral director authorize a cremation? NO This is the heating process where a body is reduced to bone fragments by combustion or evaporation? cremation This is the building that houses one or more cremation chambers this also includes the term "crematorium": crematory ...

Regulatory Powers correct answer: Enable the agency to pass specific regulations and rules to support the administration of the license law Judicial Powers correct answer: Enable it to conduct hearings and investigations into the activities of licensees and to rule on license suspensions or revocations Administrative Powers correct answer: Enable it to establish the staff organization, records, and facilities to manage the licensing process and the licensees themselves Mission of the...

Who makes and changes the Commission rules? Qualified state courts The Commission The state legislature A committee appointed by the Governor - Answer The Commission The Human Rights Act exists to ensure that national mandated rights are carried out. basic rental rights laws are carried out. local civil rights laws are carried out. federal civil rights laws are carried out. - Answer federal civil rights laws are carried out. Which law regulates the sale and promotion ...

What Tennessee law covers landlord-tenant relations? - 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 premis...