Tennessee real estate - Study guides, Class notes & Summaries

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 ...

Tennessee real estate exam

TN-REAL ESTATE-The Tennessee Real Estate Commission: Licensee Requirements

Tennessee Real Estate Commission (TREC)

The Tennessee Real Estate Broker License Act correct answer: regulates the real estate brokerage profession in Tennessee What does the Tennessee Real Estate Broker License Act do? correct answer: -purpose is to protect the public -empowers the real estate commission to make whatever rule/regulations are necessary to carry out its duties. Rules of the Tennessee Real Estate Commission consist of the following parts: correct answer: 1. Licensing 2. Rules of Conduct 3. Rental Location Ag...

Tennessee Real Estate Exam | 45 Questions and Answers 100% Correct | New Update 2024

Conditional use permit or zoning variance correct answer: A land owner wishes to build a neighborhood grocery store on a busy street in the area zoned for residential use which of the following would most likely be used to obtain permission for the store The federally subsidized flood insurance policy correct answer: Referred to the scenario in the figure book booklet see link below to answer this question should flooding occur and cause damage to the property the Parker should seek payment...

Never Correct Answer: When is it legal for the commission to set real estate commisions? An unlicensed person who receives payment for performing an activity requiring licensure is liable for Correct Answer: Up to three times the amount of the payment received. How is the Real Estate Recovery Fund funded? Correct Answer: By fees paid by applicants for license and license renewal. What is the dollar limit of the additional license renewal fee that goes toward the Real Estate Fund? Corr...

Tennessee Real Estate Unit 1