Tennessee license law Study guides, Class notes & Summaries

Version 1 1 McGraw-Hill's Taxation of Individuals and Business Entities 2023 Edition 14th Edition by Brian Spilker Benjamin Ayers John Barrick Troy Lewis John Robinson Version 1 2 TRUE/FALSE - Write 'T' if the statement is true and 'F' if the statement is false. 1) Taxes influence many types of business decisions but generally do not influence personal decisions. ⊚ true ⊚ false 2) Taxes influence business decisions such as where a business should locate or how a business should...

TN State Law Exam- Funeral Directing 2022 Questions and Answers This is the person who is legally entitled to authorize cremation, funeral service, and dispositions: authorizing agent Can a licensed funeral director authorize a cremation? NO This is the heating process where a body is reduced to bone fragments by combustion or evaporation? cremation This is the building that houses one or more cremation chambers this also includes the term "crematorium": crematory This is the preserva...

Tennessee License Law Questions and Answers Rated A+ The Human Rights Act exists to ensure that federal civil rights laws are carried out. What are the primary sources of laws and regulations governing real estate licensees in Tennessee? The Tennessee Real Estate License Act and the Commission rules. Which of the following is a section in the License Act? Qualifications and licensing What is a Commission policy statement? An occasional amplification that becomes part of the rule...

Tennessee License Law Questions and Answers Already Passed The Human Rights Act exists to ensure that federal civil rights laws are carried out. What are the primary sources of laws and regulations governing real estate licensees in Tennessee? The Tennessee Real Estate License Act and the Commission rules. Which of the following is a section in the License Act? Qualifications and licensing What is a Commission policy statement? An occasional amplification that becomes part of th...

Tennessee License Law Enforcement Overview with Complete Solutions TREC may impose a civil penalty on unlicensed persons of up to what amount per violation per day? A) $3,000. B) $1,000. C) $4,000. D) $2,000. B) $1,000. Regarding E&O coverage for the firm, A) the minimum coverage must be at least $1,000,000. B) the amount of coverage is determined by the number of affiliated licensees. C) E&O coverage is not required, but bonding is. D) E&O coverage is not required. D) E&O co...

How many of the members of the Commission may come from the real estate industry? correct answer: 7 Which rule applies to the appointment of a full-time director of education? correct answer: The person must be a college graduate. What is the purpose of The Real Estate Act? correct answer: To protect the public against harmful acts by licensees If the Recovery Fund currently has $612,000 on-hand, what would be the most the Commission could spend on educational activities? correct ans...

Tennessee Real Estate License Law Questions and Answers Graded A+ Never 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 Up to three times the amount of the payment received. How is the Real Estate Recovery Fund funded? 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 ...

A licensee negotiates the sale of a home intended for his fiancée and himself. He properly identifies himself as a licensee to the seller but neglects to disclose that he is getting married to the buyer. Do the actions of the licensee violate the license law? Yes, because a licensee cannot purchase or negotiate the sale of property in which the licensee will have a future interest. Yes, because the licensee did not disclose his possible future interest to the seller. No, because a licensee...

How long does a licensee changing affiliation have to complete required procedures with the Commission? 10 Days From whom may an affiliate broker receive compensation? From the broker he or she is affiliated with When may a licensee who has changed affiliation begin to engage in real estate transactions at the new firm? After transmitting the proper form and fees to the Commission What does an affiliate broker have to do to change affiliation from one broker to another? ...

Tennessee License Law Questions and Answers Already Passed What is the purpose of the Commission rules? To enable the Commission to carry out its duties under the License Act Which law regulates the sale and promotion of vacation clubs? The Summer Act of 1967 The Tennessee Vacation Club Act of 1995 The Lake and Stream Act of 1995 The Vacations Act of 1988 The Tennessee Vacation Club Act of 1995 Which of the following is a section in the License Act? Obtaining listings Of...

Ch. 1 - Tennessee License Law(question and answers)graded A+ 2023How many of the members of the Commission may come from the real estate industry? - correct answer 7 Which rule applies to the appointment of a full-time director of education? - correct answer The person must be a college graduate. What is the purpose of The Real Estate Act? - correct answer To protect the public against harmful acts by licensees If the Recovery Fund currently has $612,000 on-hand, what would be the most ...

The Human Rights Act exists to ensure that Correct Answer: federal civil rights laws are carried out. What are the primary sources of laws and regulations governing real estate licensees in Tennessee? Correct Answer: The Tennessee Real Estate License Act and the Commission rules. Which of the following is a section in the License Act? Correct Answer: Qualifications and licensing What is a Commission policy statement? Correct Answer: An occasional amplification that becomes part of the r...