Trees Prelicense Tn State Law Quiz G Questions With Complete Solutions

The Tennessee Real Estate Commission is declared to be: A. A legislative body. B. A judicial body. C. An executive body. D. An administrative body. {Ans: B. A judicial body.}Should an affiliate broker wish to transfer their license from their present principal broker to a new principal broker, the present principal broker: A. May hold the license until the next renewal date. B. May hold the license if the affiliate owes money to the broker. C. Upon demand by licensee for release from the firm, it shall be promptly granted by the principal broker. D. Must return the license to the Real Estate Commission. {Ans: C. Upon demand by licensee for release from the firm, it shall be promptly granted by the principal broker.}Errors & Omissions Insurance is required: A. As a condition to licensing. B. Only after the first renewal. C. Only if the agent is full time. D. Only if the licensee becomes a broker. {Ans: A. As a condition to licensing.}An affiliate broker can legally start working with their broker when: A. They receive notification of a passing grade on license test B. The recovery fund fee is paid C. The applicant requests a