Question 1 of 5 Share Facebook Twitter LinkedIn WhatsApp Email Copy Link An affiliate broker may perform real estate brokerage activities for how many different brokerage firms during the same time period? A. No more than one. B. No more than two. C. One general brokerage firm and one time-share project. D. An unlimited number, as long as Commission approval is obtained. Submit Answer
Question 2 of 5 Share Facebook Twitter LinkedIn WhatsApp Email Copy Link The Real Estate Commission does NOT have the power to A. suspend or revoke real estate licenses. B. subpoena witnesses for its investigations. C. regulate commission rates. D. review broker's escrow or trustee accounts. Submit Answer
Question 3 of 5 Share Facebook Twitter LinkedIn WhatsApp Email Copy Link In order to protect the public from financial losses due to mistakes made by real estate licensees, what is REQUIRED by the Tennessee Real Estate Commission? A. Every real estate licensee is covered by an E & O insurance policy. B. Every real estate broker carry E & O insurance covering the broker and any affiliated licensees. C. Every real estate licensee post a bond of at least $10,000 that can be used to reimburse client losses. D. Every real estate licensee pay an annual fee to support the Education and Recovery Fund, which compensates clients who suffer such losses. Submit Answer
Question 4 of 5 Share Facebook Twitter LinkedIn WhatsApp Email Copy Link A principal broker decides to open a branch office of their firm in a neighboring town. The broker must A. obtain an additional firm license from the Real Estate Commission for the branch office. B. scan the current license for display in the branch office. C. pay a fee and obtain duplicate licenses for all the licensees in the branch office. D. scan the licenses of all the licensees for display in the branch office. Submit Answer
Question 5 of 5 Share Facebook Twitter LinkedIn WhatsApp Email Copy Link For how long MUST real estate licensees retain the signed agency disclosure that they provide to customers and clients in the course of their real estate transactions? A. Three months after the date of closing. B. One year. C. Three years. D. Five years. Submit Answer