Tennessee real state - Study guides, Class notes & Summaries

Real Estate Tennessee State Exam 70 Questions with 100% Correct Answers ( New Update)Real Estate Tennessee State Exam 70 Questions with 100% Correct Answers ( New Update)

What is the name of the Tennessee real estate regulatory body? a) Division of the Tennessee Real Estate B) Tennessee Real Estate Commission C) Board of Real Estate Regulators D) Tennessee Real Estate Board B How many members are on the Tennessee Real Estate Commission? A) 10 B) 9 C) 5 D) 15 B How many years may they serve? a) 3 years b) 5 years c) 6 years d) 4 years b What is the purpose and mission of TREC? a) to license and regulate real estate brokers and ...

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...

A licensee cannot live more than _____ from the firm office? - 50 miles A licensee may lose his license for failing to furnish a *copy *of any listing, sales, lease or other contract of a real estate transaction to all parties involved *right after they have signed*. True or false - True. Copies of documents must be given right after they are signed A principal broker can be *part- time* as long as they don't have sales people under them. True or false - true A principal broker must be av...

Real Estate Tennessee State Exam Questions and Answers 100% Pass When an earnest money check is deposited, what information does Tennessee require be recorded and maintained? - Answer ️️ -Who provided the funds (the depositor) A principal broker in Tennessee is required ______ for all transactions in which affiliated licensees participate. - Answer ️️ -Review and approve transactional documents and agreements What must licensees do to maintain their licenses? - Answer ️️ -Compl...

Tennessee State Exam Practice Questions and Answers 100% Correct | New Update 2024

What year did the state enact the Tennessee real estate Broker License Act? correct answer: 1973 What is the purpose of the Tennessee real estate broker license Act? correct answer: to create rules for real estate professionals to protect the public against harmful actions by licenses What does TREC stand for? correct answer: Tennessee real estate commission aka the commission What does the TREC (the commission) do? correct answer: -Administer and enforce laws regarding licensed rea...

Real Estate Broker Exam Practice questions with complete solutions. Who makes and changes the Commission rules? Qualified state courts The Commission The state legislature A committee appointed by the Governor - correct answer. The Commission The Human Rights Act exists to ensure that national mandated rights are carried out. basic rental rights laws are carried out. local civil rights laws are carried out. federal civil rights laws are carried out. - ...

real estate Tennessee State Exam Questions And Answers, Over 200 Questions And Answers, Complete Solution 2023 What is the name of the Tennessee real estate regulatory body? a) Division of the Tennessee Real Estate B) Tennessee Real Estate Commission C) Board of Real Estate Regulators D) Tennessee Real Estate Board B How many members are on the Tennessee Real Estate Commission? A) 10 B) 9 C) 5 D) 15 B How many years may they serve? a) 3 years b) 5 years c) 6 years d) 4 years ...

What is the Tennessee Real Estate Commission? correct answer: The judicial body of the real estate industry in the state of Tennessee Who makes up the Tennessee Real Estate Commission? correct answer: 9 members - 3 from each grand division of the state *7 from the real estate industry - 2 from the general public Who appoints the Tennessee Real Estate Commission? correct answer: The governor How long is a term for a commissioner on the Tennessee Real Estate Commission? correct answ...