Tennessee Real Estate Pre-Licensing Study Guide

FAQs: Frequently Asked Questions

I. General Provisions

Definitions.
Exemptions
Vacation Lodging Service.
Action by broker to collect compensation
Injunctions authorized for enforcement.
Penalties
Errors and Omissions Insurance
General Provisions Quiz
General Provisions Quiz Answer Key.

II. Tennessee Real Estate Commission.

Education and Recovery Account
Tennessee Real Estate Commission Quiz.
Tennessee Real Estate Commission Quiz Answer Key

III. Qualifications and Licensing

Business Locations – Display of license – Signs
Affiliate broker relationship to broker.
Revocation of license by court – reinstatement.
Reasons why TREC could refuse, revoke, suspend, or downgrade a license
Notice – Hearing.
Temporary Retirement
Reinstatement after failure to pay renewal fee or retirement fee.
Escrow, trust, or trustee account.
Qualifications for Licensing Quiz
Qualifications for Licensing Quiz Answer Key.

IV. Representation by Real Estate Agents.

Duties owed to all parties
Two duties owed to one’s client.
Multiple Offers
Representation by Real Estate Agents Quiz
Representation by Real Estate Agents Answer Key.

V. Commercial Real Estate Brokers

Commercial Real Estate Brokers
Commercial Real Estate Brokers Quiz
Commercial Real Estate Brokers Quiz Answer Key

VI. Rules and Policy Updates

Exams and Licenses.
Education and Recovery Account
Fees
Errors and Omissions Insurance Coverage.
Fingerprinting.
Military Applicants
Reinstatement of an Expired License.
Rules and Policy Updates 1260-01-.01 through 1260-01-.21 Quiz.
Rules and Policy Updates 1260-01-.01 through 1260-01-.21 Quiz Answer Key
Supervision of Affiliate Brokers.
Offices.
Managing Escrow Accounts
Advertising.
Exclusive Buyer Representation Agreements
Septic System Inspection Letters.
Death or Extended Absence of Principal Broker.
Commissions Earned by Affiliates.
Electronic Records.
Teams, Groups, or Similar Entities within a Firm.
Rules and Policy Updates 1260-02-.01 through 1260-02-.41 Quiz.
Rules and Policy Updates 1260-02-.01 through 1260-02-.41 Quiz Answer Key
Requirements for Courses.
Rental Location Agent.
Residential Property Disclosures.
Exempt Property Transfers
Liability for Non-Disclosure of Communicable Diseases or Criminal Acts on a Property.
Impact Fee or Adequate Facilities Tax
Disclosure of Percolation Tests, Soil Absorption Rates, Foundation Moves, Sinkholes
Rules and Policy Updates 1260-05-.01 through 1260-05-.14 and 66-5-213 Quiz.
Rules and Policy Updates 1260-05-.01 through 1260-05-.14 and 66-5-213 Quiz Answer Key.
Cancellation
Vacation Lodging Service.
Human Rights.
Time Share Act 66-32-101 through 66-13-312; rule 1260-06-.01 through 1260-07-.06; 4-21-101 through 4-21-607 Quiz.
Time Share Act 66-32-101 through 66-13-312; rule 1260-06-.01 through 1260-07-.06; 4-21-101 through 4-21-607 Quiz Answer Key

VIII. Related Topics

A. Fair Housing.
B. Contracts and Agreements
C. Truth in Lending
Related Topics Quiz
Related Topics Quiz Answer Key.

Comprehensive Quiz.
Comprehensive Quiz Answer Key