Free Tennessee Affiliate Broker State Portion Examination Practice Questions
103 free questions · Answer explanations · No signup required
View examination details, outline and sourcesLoading selected examination banks…
Sample Practice Questions
Try these 10 sample questions from the Tennessee Affiliate Broker State Portion Examination practice bank. Each includes the answer and explanation. Continue with the interactive practice above to review the full question set.
1What is the stated purpose for which the Tennessee Real Estate Commission was created?
- A. To enforce the Tennessee Real Estate Broker's Licensing Law
- B. To adjudicate private commission disputes
- C. To award damages to injured consumers
- D. To set local property-tax assessments
Answer: A
Explanation: The Commission states, "The Commission was created to enforce the Tennessee Real Estate Broker's Licensing Law of the state." Therefore enforcement of that licensing law is its stated purpose.
Reference: Tennessee Real Estate Commission File a Complaint — Commission function, item 1
2How many approved classroom hours in real estate must a Tennessee affiliate-broker applicant certify with the examination application?
- A. 30 hours
- B. 45 hours
- C. 60 hours
- D. 120 hours
3Which item is included in the Tennessee rule's definition of real estate advertising?
- A. An email signature promoting a licensee
- B. A licensee's plain business card
- C. A pen bearing a licensee's name
- D. Sponsorship of a community event
4When may a licensee engage in real estate activity in a Tennessee office?
- A. Whenever another affiliate broker is present
- B. Whenever the office is open to the public
- C. When a principal broker is devoted to full-time management of that office
- D. When the licensee has five years of experience
5After a seller signs an acceptance of a purchase offer, what copies must the broker promptly deliver?
- A. Unsigned drafts to the seller only
- B. A summary to the buyer only
- C. The MLS printout to both parties
- D. True executed copies signed by the seller to both buyer and seller
6Which situation is commingling under Tennessee's escrow rule?
- A. Holding two buyers' deposits in a designated trust account
- B. Keeping others' funds in an account that also contains the licensee's personal or business funds
- C. Using separate rental and sales escrow accounts
- D. Delivering trust money to the principal broker
7May a Tennessee broker or affiliate broker accept a listing based on a net price that excludes customary commission and sale expenses?
- A. Yes, with seller initials
- B. Yes, for commercial property
- C. Yes, if the commission is disclosed at closing
- D. No
8What distinguishes an exclusive buyer representation agreement under Tennessee Rule 1260-02-.36?
- A. It applies only to new construction
- B. It guarantees the buyer will close
- C. The licensee represents the buyer to the exclusion of all other licensees
- D. It lets every firm represent the buyer
9What Tennessee licensure status is required for a person engaged in property management?
- A. An active Tennessee broker or affiliate-broker license
- B. An inactive affiliate-broker license
- C. A time-share salesperson license only
- D. A property-tax assessor certificate
10A consumer asks TREC to exercise a power that no statute grants it. Which response reflects TREC's jurisdiction?
- A. TREC may use any power reasonably related to real estate
- B. TREC has only the powers the legislature gave it
- C. TREC may act if a principal broker approves
- D. TREC may act whenever the requested relief is under $1,000
Topics in this practice bank
These topics describe the available practice for Tennessee Affiliate Broker State Portion Examination. Review the examination outline and its sources for scope and allocation details.
Duties and Powers of Real Estate Commission (Affiliate Broker – 4 Items)
- Purpose of Commission
- Persons and Disputes Not Within Commission Jurisdiction
- Complaints, Notifications, Hearings
- Disciplinary Actions
Licensing Requirements (Affiliate Broker – 4 Items)
- Licensing Examinations
- Educational Requirements
- Other Qualifications
- Change of Status, Name or Address
- Firm Licenses; License Display
- Renewal of License
- Errors and Omissions Insurance
Advertising and Marketing (Affiliate Broker – 7 Items)
- Requirements for Owner/Agent Advertising
- "For Sale" Signs
- Brokerage Company and Team Advertising
- Internet Advertising
- Information Required in Advertised Listings
- Gifts and Prizes
- Advertising on Social Media
Broker/Affiliate Relationships (Affiliate Broker – 5 Items)
- How Compensation May Be Paid
- Permitted Affiliations
- Broker's Supervisory Responsibility
- Change of Affiliation
- Ownership of Affiliates' Listings
Handling of Documents and Record Keeping (Affiliate Broker – 4 Items)
- Responsibility for Keeping Records
- Length of Time to Keep Records
- What Information/Documents Must Be Kept
- Handling Offers and other Transaction Documents/Leave Copies
- Commission Access to Records
Handling of Trust/Escrow Funds (Affiliate Broker – 4 Items)
- Permissible Disbursements of Trust/Escrow Funds
- General Requirements of Trust/Escrow Accounts
- Commingling; Improper Use of Trust/Escrow Funds
- Depository and Account Requirements
- Interest; Non-liquid Valuables as Earnest Money
- Time Requirements for Deposit of Funds
Other Improper Activities and Consumer Protection (Affiliate Broker – 3 Items)
- Improper Listing Agreements
- Discrimination
- Other Misconduct
Agency and Disclosure Issues (Affiliate Broker – 6 Items)
- General Agency Duties and Creation of Agency Relationship
- Disclosure of Agency Relationships
- Disclosure of Material Facts and Misrepresentation
- Disclosure of Agent's Interest
- Handling of Offers
- Designated Agents
- Facilitators
- Dual Agency
Special Areas of Practice (Affiliate Broker – 3 Items)
- Timeshare
- Property Management
- Commercial/Industrial Real Estate
How to use these free practice questions
Choose an answer, check the explanation, and review your progress by chapter. Practice questions and explanations are free to access without signing up.
These are independent study questions, not actual examination items. For examination requirements and official information, view Tennessee Affiliate Broker State Portion Examination details.