An owner indicates to you that they prefer that you find female renters for their property because in the past, they have done less damage to the apartment building. If you comply with their request, you are
Your Answer: Option(s)
Correct Answer: Option(s) A
Rationale
Selecting tenants based on gender violates the federal Fair Housing Act, which prohibits discrimination based on sex, a protected class.
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Question 2
How should a rental property security deposit be handled upon receipt by the broker?
Your Answer: Option(s)
Correct Answer: Option(s) C
Rationale
Tennessee regulations require security deposits to be held in an escrow or trust account to ensure proper management and return to the tenant.
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Question 3
After writing a purchase contract on behalf of a buyer, the licensee leaves a copy with the buyer. The licensee then presents the offer to the seller, who accepts and signs it. The licensee MUST now give a copy of the offer to
Your Answer: Option(s)
Correct Answer: Option(s) C
Rationale
Tennessee Real Estate Commission (TREC) rules require both the buyer and seller to receive copies of the signed contract for transparency.
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Question 4
A licensee terminates his affiliation with a brokerage firm and secures his signed release form on August 15. On August 30, the licensee completes the change of affiliation form and mails it, via certified mail, to the Commission. Did the licensee follow CORRECT procedure?
Your Answer: Option(s)
Correct Answer: Option(s) C
Rationale
TREC rules require notification of a change in affiliation within 10 days of termination, which the licensee missed by mailing on August 30, 15 days later.
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Question 5
In order to offer any gift or prize as an inducement to list a condominium, an affiliate broker MUST obtain the approval of:
Your Answer: Option(s)
Correct Answer: Option(s) B
Rationale
The affiliate broker's firm must approve inducements to ensure compliance with TREC regulations and ethical standards.
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