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Real Estate Exam / 100% CORRECT ANSWERS

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What year was the Real Estate Commision for TN formed? - ANS -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. - ANS -Responsibilities of the TN Real Estate Commision Who enacts rules addressing professional conduct and standards of practice. - ANS -Tennessee Real Estate Commision The mission is to protect the public through establishment and administration of ________ ________ _______ _____ ______ _______, effective professional education of licensees and enforcement of professional conduct. - ANS -minimum requirements for candidates and licensees Persons and Disputes Not Within the Commission's Jurisdiction - ANS -A. Cannot decide on Zoning Issues; B. Commission Disputes; C. Associate Disputes; D. Inspection or Survey Issues How many members are there on the Tennessee Real Estate Commission? - ANS -9 Amount of money to reinstate an expired license. - ANS -$1,500 An ad by a licensee that fails to identify the licensee as a professional real estate agent. - ANS -Blind Ad Who can file a complaint against a real estate agent. - ANS -Any person may file a complaint for unlicensed activity where such activity requires licensure by law. Can the RE Commission recover or order the refund of any money or property to which you may be entitled. - ANS -No How does one recover the refund of money or property to which one may be entitled. - ANS -You must institute a civil lawsuit for this purpose and hire your own legal counsel, if necessary. In certain instances, a judge can revoke or suspend the license of the person against whom you are complaining, the Respondent. How many days does a respondent have to reply to the complaint. - ANS -10 days of the postmarked date of receipt Can the respondent contact the person/persons filing a complaint? - ANS -When the response is received by our office, we will send a copy to you. You may respond to the Respondent's answer if you wish. [Show More]

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Real Estate Exam / 100% CORRECT ANSWERS

A Tennessee licensee must use the "Exclusive Right to Sell" form - ANS -required by the licensee's broker. According to the level of authority delegated to the agent, the usual real estate agency i...

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