Affiliat Study guides, Class notes & Summaries

Tennessee Affiliate Broker Exam | 216 Questions and Answers 100% Correct | New Update 2024

TN New Affiliates Practice Final Exam Already Passed Typical disclaimers by the real estate firms and licensees who are party to the purchase transaction would include -not responsible for violations of the Licensing Act. -not liable for damages caused by inspectors. -not responsible for representations made about suitability of the property for a particular use. *not responsible for the performance of buyer or seller. In addition to being a contract between a licensee and a seller ...

The type of contract where a seller employs one real estate firm to find a buyer for the seller's property; yet the seller retains the right to find a buyer himself/herself and not pay a commission to the listing firm is a(an)? A. Exclusive right to sell agreement B. Exclusive agency agreement C. Opportunity listing agreement D. Opening listing agreement B. Exclusive agency agreement A listing broker is hired to perform a specific purpose. What is the correct term to describe thus t...

The Tennessee Human Rights Commission (THRC) enforces fair housing laws in the state. Exemptions to Tennesse's Human Rights Act are: 1. Rental of one housing unit when the building contains no more than two independent units, if the owner or a family member lives in one of the units. 2. Rental of a room or rooming unit in a housing accommodation that shares a common bath (and only in regards to sex as a protected class). 3. Sale, rental, or preference of a dwelling owned, operated, or ...

A lien is an example of a/an...? - Encumbrance - Entitlement - Estoppel - Escheatment Encumbrance If a property has both a tax lien and a mortgage lien against it, which lien has priority (generally speaking)? - Tax lien - Mortgage lien - They have equal priority - Whichever lien was filed first Tax lien A lien that is not tied to a specific piece of real estate is called a...? - General lien - Non-specific lien - Statutory lien - Tax lien General lien T...

Broker Person or company licensed to sell buy exchange or lease real property for others and to charge a fee for those services Salesperson (affiliate broker) Employed by or associated with the broker to perform brokerage activities on behalf of the broker Appraisal Assessing a properties market value done by an appraiser Property manager Hired to manage a property on behalf of the owner Caveat emptor Buyer beware, is the law NAR (national association of r...

TN RE laws and regulations are primarily contained in: 1. The TN RE Broker Act of 1973 2. Rules of the TN RE CommissionUni Other laws relevant to RE licensees include: Uniform Landland and Tenant Act Horizontal Propert Act Notice of Completion Statute TN Lead-based Paint Certification Act of 1997 Hazardous Waste Mgt Act of 1983 TN Consumer Protection Act of 1977 TN Anti-trust Law Conveyances of Property Time-share Programs and Vacation Clubs Human Rights What is the pur...

Which of the following is a violation of federal fair housing law? A) A landlord refuses to rent to anyone under the age of 30. B) A private homeowner advertises a private house share using the phrase: "No minorities." C) private homeowner lives in a duplex and won't rent the other half to a pregnant woman. D) private homeowner lives in a triplex and won't rent one of the units to a family. A private homeowner advertises a private house share using the phrase: "No minorities." ...

Tennessee Affiliate Broker Exam Questions with 100% Correct Answers | Verified | Updated 2024