Affiliate broker exam Study guides, Class notes & Summaries

RE Salesperson License requirements? 18 years old, 40 hour class, pass the exam, must affiliate with a broker to practice and may not accept direct client payments Broker's License requirements? 3 years salesperson experience, 40 hour class, pass the exam, $5,000 bond and pay a fee.

PSI TN (State) Exam Questions & Answers 2023/2024 What is the purpose of an escrow account? - ANSWER-Keep money that doesn't belong to you SEPARATE from personal account/money Who is responsible for looking after Escrow Accounts for property? - ANSWER-Broker Another name for Escrow Money (earnest money, security deposits) is_________? - ANSWER-Trust Money When a Broker gets Escrow/Trust money and deposit into the Escrow Account they MUST do what as well? - ANSWER-The Broker must wr...

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

TN Real Estate Affiliate Broker Exam Questions With 100% Correct Answers 2024

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

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...

The Tennessee Human Rights Commission (THRC) correct answer: enforces fair housing laws in the state. Exemptions to Tennesse's Human Rights Act are: correct answer: 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 d...

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 ...

CE Shop Final Exam Questions and Answers 100% Pass Blaire apparently hasn't learned her lesson. She paid a $5,000 penalty when MREC found her guilty of misrepresentation, a $10,000 penalty when she was found guilty of placing a for sale sign in someone's yard without permission, and now she's committed three more violations by placing a series of discriminatory ads. What's the maximum penalty MREC can levy for these new violations? 75,000 Which of these parties WOULD need a real estate lic...

How many hours are required for AF Broker exam correct answer: 90 Another name for escrow account correct answer: Trust account What responsibility does a broker have when a licensee wants to change brokerages? correct answer: Immediately sign TREC's Transfer, Release and Change of Status Form to release the licensee. Why do residential and commercial real estate purchases in Tennessee require different contracts? correct answer: To provide the proper legal protections to the parti...

How many hours are required for AF Broker exam 90 Another name for escrow account Trust account What responsibility does a broker have when a licensee wants to change brokerages? Immediately sign TREC's Transfer, Release and Change of Status Form to release the licensee. Why do residential and commercial real estate purchases in Tennessee require different contracts? To provide the proper legal protections to the parties involved. You're the seller's agent for ...