Tennessee (State Exam)real Estate Q&a Latest Version 2023 2024

Tennessee (state exam)Real Estate Q&A Latest Version 2023 2024 A licensee cannot live more than _____ from the firm office? -Correct Answer 50 miles A licensee may lose his license for failing to furnish a *copy *of any listing, sales, lease or other contract of a real estate transaction to all parties involved *right after they have signed*. True or false -Correct Answer True. Copies of documents must be given right after they are signed A principal broker can be *part- time* as long as they don't have sales people under them. True or false -Correct Answer true A principal broker must be available to a licensee and accessible during normal daytime working hours. True or false -Correct Answer true A retired status license must be renewed. True or false -Correct Answer true Administrative Powers -Correct Answer Enable it to establish the staff organization, records, and facilities to manage the licensing process and the licensees themselves Affiliate Broker -Correct Answer High school diploma Completion of 60 classroom hours + 30 credits Affiliate broker can offer a prize but it cannot be money or be able to be converted into cash True or false -Correct Answer true Affiliates brokers name cannot