Tn real estate exam Study guides, Class notes & Summaries

in accordance with TN law, transaction records should be maintained for a period of correct answer: Three years a type of listing illegal in TN correct answer: A net listing TN licensee Doug wants to advertise another brokers listing. whose permission must he have to do this correct answer: The property owner what is the minimum number of years that brokers in TN must keep records of escrow/trustee accounts correct answer: Three a principal broker in TN, has a legal responsibilit...

TN Real Estate state practice exam

TN Real Estate Exam Questions And Answers, Over 250 Questions And Correct Answers 2023 Brokerage The business of bringing buyers and sellers together Agency The broker is hired by someone called the client to represent that client in negotiating contracts Independent Contract One who is not an employee-They are paid gross earnings and the broker does not subtract tax/S.S. from their earnings Law that passed to be treated as Independent Contractor TEFRA (Tax, Equity, Fiscal, Responsibil...

TN Real Estate Exam; Chapter 1

TREC can hold as many meetings as it deems necessary throughout the year, but it must have a minimum of three meetings. Where must these meetings take place? correct answer: One in each, West, middle, east division Gideon is planning to run a full-page ad in the Knoxville newspaper to promote his open house in two weeks. He'll be offering a free overnight stay at a local resort to the winner of the door prize. Which of the following is a true statement? correct answer: Gideon's ad must cl...

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...

TREC can hold as many meetings as it deems necessary throughout the year, but it must have a minimum of three meetings. Where must these meetings take place? correct answer: One in each, West, middle, east division Gideon is planning to run a full-page ad in the Knoxville newspaper to promote his open house in two weeks. He'll be offering a free overnight stay at a local resort to the winner of the door prize. Which of the following is a true statement? correct answer: Gideon's ad must cl...

TN Real Estate Exam Practice Questions Property Ownership

TN Real Estate State Practice Exam Questions and Answers 100% CorrectTN Real Estate State Practice Exam Questions and Answers 100% CorrectTN Real Estate State Practice Exam Questions and Answers 100% CorrectTN Real Estate State Practice Exam Questions and Answers 100% Correct TREC can hold as many meetings as it deems necessary throughout the year, but it must have a minimum of three meetings. Where must these meetings take place? - ANSWER-One in each, West, middle, east division Gideon is p...

REAL PROPERTY Interests, benefits, and rights that are automatically included in the ownership of real estate. (Real Property) Refer to both the physical property and the rights of ownership, while other states still make the distinction. PERSONAL PROPERTY Personalty. All the property that can be owned and that does not fit the definition of real property. Personal property is movable. Also known as Chattles, and include such tangibles as chairs, tables, clothing, money, bonds, bank acc...