Tennessee state - Study guides, Class notes & Summaries

The terms of the _______ determine who receives the earnest money. correct answers contract Woody wanted to work for the new broker in town, so he filed the paperwork necessary to affiliate with a new broker. What will happen to his three listings and two buyer clients? correct answers They remain with Woody's original broker, unless the broker agrees to other arrangements in writing. Who's entitled to reimbursement from the Real Estate Education and Recovery Account? correct answers A m...

Tennessee State Property & Casualty Licensing Exam Rated A+ Physical Hazard hazard that arises from the property itself Morale Hazard person driving crazy because they have insurance Moral Hazard create a loss situation to collect from insurance company Aleatory contingent on a certain event that provides for unequal transfer of value between parties Contract of Adhesion one party has greater power over the other in the contract Class 1-Frame outside support walls, roof and...

TENNESSEE STATE PROPERTY AND CASUALTY LICENSING EXAM

Tennessee Health Insurance State Exam Simulator with 100% Correct Answers

Tennessee National Portion REAL ESTATE EXAM Latest 2024 Graded A+ A corporation is - Answer ️️ -a legal entity that can buy and sell real estate as set out in its charter. Ownership in severalty is - Answer ️️ -property owned by one individual or corporation. A house is owned by three joint tenants, and one of the owners, as permitted by state law, sells that interest to a new owner. The result is a - Answer ️️ -tenancy in common between the new owner and the remaining joint t...

Tennessee State Exam Practice Questions with Verified Solutions The terms of the _______ determine who receives the earnest money. - Answer ️️ -contract Woody wanted to work for the new broker in town, so he filed the paperwork necessary to affiliate with a new broker. What will happen to his three listings and two buyer clients? - Answer ️️ -They remain with Woody's original broker, unless the broker agrees to other arrangements in writing. Who's entitled to reimbursement from t...

When an earnest money check is deposited, what information does Tennessee require be recorded and maintained? Who provided the funds (the depositor) A principal broker in Tennessee is required ______ for all transactions in which affiliated licensees participate. Review and approve transactional documents and agreements What must licensees do to maintain their licenses? Complete continuing education requirements and pay the renewal fee Addision didn't make an on-site inspection of the tim...

A Tennessee licensee must use the "Exclusive Right to Sell" form required by the licensee's broker. According to the level of authority delegated to the agent, the usual real estate agency is a limited agency. When must the contract be in writing? John is agreeing to sell his shed to Shawn for $1,000. One disadvantage in using active listings for comparables is they provide somewhat dubious comparisons because listing prices are not selling prices. Why is it sometimes necessary to inclu...

Tennessee State Practice Exam Questions with 100% Correct Answers | Updated & Verified | 2024