Which of the following is an action that’s outside of the Tennessee’s Real Estate Commission jurisdiction?

Which of the following actions can the commission not take?

Which of the following actions can the Commission NOT take? Regulate real estate training schools. … The person must hold a real estate license. The person must be over 25 years of age.

What’s true about licensee commission in Tennessee?

What’s true about licensee commission in Tennessee? It’s subject to a standard commission rate. It’s subject to a brokerage split. It may be paid directly to the licensee, with the client’s approval.

Which of the following is required on any Tennessee real estate advertising?

What are the requirements for advertising real estate in Tennessee? You must make it clear you are a real estate agent; … The firm’s name and phone number must be placed in the ad (you can include yours as well); Everything must be honest and nothing can be misleading or deceptive.

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Which of these transactions is exempt from the disclosure requirements of the Tennessee Residential Property Disclosure Act?

Which of these transactions is exempt from the disclosure requirements of the Tennessee Residential Property Disclosure Act? A newly constructed home. Newly constructed homes are exempt from disclosure requirements, although a builder warranty must be provided.

What is a Commission policy statement?

Periodically, the Commission issues Policy Statements to provide guidance and regulatory certainty regarding statutes, orders, rules, and regulations that the Commission administers. Policy Statements typically discuss the factors that the Commission will use to evaluate future proceedings.

What kind of illegal act is a misrepresentation of a property’s features?

What kind of illegal act is a misrepresentation of a property’s features? interference with agency relationship.

Which of the following is a responsibility of the Tennessee Real Estate Commission?

The mission of the Tennessee Real Estate Commission is to protect the public through establishment and administration of minimum requirements for candidates and licensees, effective professional education of licensees and enforcement of professional conduct.

What can an unlicensed property manager do in Tennessee?

An unlicensed employee, assistant, or secretary MAY:

  • Answer the phone, forward calls, and give information contained only on the listing agreement as limited by the broker.
  • Fill out and submit listings and changes to any multiple listing service.

What is the Tennessee real estate broker license of 1973?

The Tennessee Real Estate Broker License Act of 1973 (as amended) requires satisfactory completion of certain courses in real estate by applicants for, and holders of, licenses as a broker or affiliate broker.

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Which of the following is a true statement regarding a listing agent’s compensation in Tennessee?

Which of the following is a true statement regarding a listing agent’s compensation in Tennessee? The amount of compensation will depend on sales price and the licensee’s independent contractor agreement with the brokerage. Which entity administers license law in Tennessee?

How do you prove a seller lies on a disclosure?

You have to bring evidence that the seller knew or should have known about the issues, and they purposely covered it up. For example, if it was obvious that the seller tried to hide mold by painting over it, photos of that would work as evidence.

What is a residential disclosure?

What Is a Real Estate Disclosure Statement? A real estate disclosure statement is a legally binding document in which the seller comes clean about any potential flaws and issues the buyer needs to know about.

What is Tennessee residential property Condition exemption?

Under certain circumstances, sellers may be exempted from completing the disclosure, substituting the Tennessee Residential Property Condition Exemption Notification in its place. The most common exemption is when the owner has not resided on the property at any time in the previous three years.