Tennessee real estate - Study guides, Class notes & Summaries

A $2,400 term loan has a 10% annual interest rate. What is the monthly payment? - $20. A term loan is interest only. $2,400 × 0.10 = $240 240 ÷ 12 = $20 per month A 15-year-old boy recently inherited many parcels of real estate from his late father and has decided to sell one of them. If the boy enters into a deed conveying his interest in the property to a purchaser, such a conveyance would be - voidable A 50-year-old commercial building is located in the center of a 10-year-old reside...

Real Estate License - Tennessee

Real Estate License – Tennessee | 136 Questions and Answers 100% Correct | New Update 2024

Tennessee Law- Real Estate Latest Update Graded A+ Tennessee Real Estate Broker License 1973 overall purpose is to protect the general public in real estate transactions Acquisition Agent attempts directly to encourage any person to attend a sales presentation for a time-share program Adverse facts negative impact on the value or significantly reduce the structural integrity, or significant health risk, and must be disclosed. Affiliate broker any person engaged under contract b...

Tennessee Real Estate

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...

TENNESSEE NATIONAL PORTION REAL ESTATE EXAM QUESTIONS AND ANSWERS 2024

Tennessee Real Estate Broker License Act of 1973 (Title 62, Chapter 13) questions and answers

What action should the seller take when an offer is rejected? Make a formal counter offer. Complete a contract rider. Complete an addendum. Note the rejection on the offer. Note the rejection on the offer. Which of the following requires a written contract? The purchase of a TV for $378.00 A real estate lease for a term less than one year A real estate lease for a term longer than one year A potential buyer visiting an open house showing A real estate lease for a term longer...