Tennessee affiliate - Study guides, Class notes & Summaries

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...

Tennessee State Exam Practice Questions with Certified Solutions The terms of the _______ determine who receives the earnest money. 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? 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...

Tennessee Affiliate Broker Prelicense Questions With Complete Solutions.

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 ins...

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...

What is a Commission policy statement? An occasional amplification that becomes part of the rules The License Act Empowers the Real Estate Commission to make whatever rules and regulations are necessary to carry out its duties Rules of the Tennessee Real Estate Commission Licensing Rules of Conduct Rental Location Agents Rules of Procedure for Hearing Contested Cases Educational Requirements Time-share Programs The Tennessee Real Estate laws and regulations are conta...

coordinate inspections and deliver documents and escrow monies to the appropriate attorney a broker or affiliate broker may perform all of the following in preparation for the closing EXCEPT may conduct the closing a broker decides he wants to conduct the closing on a all-cash sales of a property between his clients, the seller, and the buyer, his customer. with these parties, the broker receive up to $50K from the real estate education and recovery account for the full judgment ...

B In Tennessee, what does having a designated agent help a brokerage to avoid? A. Facilitation B. In-house dual agency C. Single agency D. Transaction brokerage A Someone in Tennessee who's been given the authority to act on behalf of someone else is a(n) ______. A. Agent B. Client C. Mortgage lender D. Trustor B Mike is applying for an affiliate broker license. What type of written examination requirement does this type of license have? A. The applicant isn't require...

TN Test 2024 All Questions With 100% Correct Answers TN real estate rules and regulations are enforced by? - Answer -TREC MLS stands for - Answer -Multiple Listing Service How many hours for pre-licensing affiliate brokers in TN is required - Answer -90 You have ___ many days to cancel a timeshare contract - Answer -15 In TN, whose licenses must be displayed in businesses office - Answer -principal broker and all affiliate brokers A housing discrimination in TN should be filed ...

Tennessee Real Estate Broker License Act of 1973 Act signed to create rules for real estate professionals that protect the public, and established the Tennessee Real Estate Commission. Broker One who holds a broker's license and is either a sole proprietor or owns/manages a brokerage, responsible for any affiliated licensees who work under the broker's license. May work independently. Affiliate Broker Engaged under contract by or on behalf of a licensed broker to provide br...