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TN Real Estate State Test Questions with 100% Correct Answers | Updated & Verified | 2024
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TN Real Estate State Test Questions with 100% Correct Answers | Updated & Verified | 2024
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TN Real Estate State Test Questions with100% Correct Answers | Updated &
Verified | 2024
What are specific requirements for an applicant to obtain an affiliate brokers license? ✔✔Qualified
applicants for licensure as an affiliate broker must successfully complete a Commission-approved
course in real estate principles and practices that consists of at least 60 hours of real estate principles to
take the real estate examination. A school official must complete the Pre-license Verification Form that
the applicant must present at the time of the exam. As of January 1, 2005, prior to the affiliate license
being issued, the affiliate broker candidate must complete a 30 Course for New Affiliates.
List the additional requirements to become a broker ✔✔The broker candidate must have been actively
licensed as an affiliate broke for at least 36 months if originally licensed after May 12, 1988. Qualified
applicants for a broker's license must complete Commission approved courses of at least 120
classroom hours (including the 60 classroom hours required to obtain an affiliate broker's license).
Thirty of the 120 hours must be in the course office or brokerage management. TREC approval is
necessary before the applicant can schedule a broker's exam. This approval may take up to four weeks.
Who administers the real estate exam? ✔✔A Commission-contracted provider Psychological Services,
Inc. (PSI), currently conducts the real estate examination. PSI offers computerized testing through a
network of testing centers in the state. The Affiliate Broker's exam is made up of 120 questions: 40
relating to Tennessee licensing laws and 80 pertinent to general real estate principles and practices
Affiliate brokers must achieve a scaled score of 70 on each portion to pass. The Broker's exam is made
up of 130 questions: 50 relating to Tennessee licensing laws and 80 pertinent to general real estate
principles and practices Affiliate brokers must achieve a scaled score of 75 on each portion to pass.
The computerized examination is designed to establish the competency of the applicant to protect the
interests of the public. As long as the Commission provides a uniform, standardized exam, the
Commission is required to provide the examinees only their scaled score as well as a breakdown of the
number correct in each subject area.
, Who pays for the exam? ✔✔The candidate pays the examination fee directly to the testing service at
the time of registration. The Commission, along with the testing service, establishes the examination
fees, based on .PSI's administration costs. Currently the fee is $55.
May a candidate who fails the exam retake it? ✔✔A person who fails to pass either portion of the
real estate exam is allowed to reschedule after 24 hours and after payment of the examination fee.
The score or the passed portion is good for two retakes or six months, whichever comes first.
What is the next step after the person passes the exam? ✔✔On successful completion of the exam, the
applicant receives a passing notice and a Commission-approved application at the test site. Candidates
who pass the exam must file for a license with the Commission within six months from the dale the
examination was passed. If not filed within this time, the candidate must retake and pass the exam to
obtain a license. Prior to the affiliate license being issued, the affiliate broker candidate must complete a
30 Course for New Affiliates.
How are license fees determined? ✔✔The Commission sets fees for licensing based on the
administrative costs of sustaining the Commission. Included in those costs are the per diem,
expenses, and travel allowance for Commission members. Also included are office facilities, supplies,
and equipment: staff assistance; and the establishing and maintaining of a real estate education
program. (Currently (2005), the first license fee is $100, which is not prorated. All real estate licenses
expire on December 31 of each even-numbered year. The renewal fee is $80.
Can the first-time applicant ask for an inactive license? ✔✔No, initial applicants are not allowed to file
for an "inactive" license. The applicant must first receive an active license which may then be placed on
inactive status. However, there nothing preventing a licensee from placing their license in inactive status
immediately after being licensed. Individuals whose licenses are on inactive status with TREC are not
required to carry errors arid omissions insurance.
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