Tennessee Real Estate Exam Prep

TN Salesperson Practice Exam

Our Tennessee Real Estate Exam Preparation guide will have you quickly prepared for your upcoming Salesperson License Exam. We have helped license over 50,000 students with an exam pass rate of over 95%. The practice exam questions and answers were created by industry experts and are constantly updated to Tennessee’s licensing requirements. We stand by our real estate practice exams and offer an exam pass guarantee.

How to Become a Real Estate Agent in TN

Are you ready to become a real estate professional in Tennessee? If so, you must successfully complete a minimum of 60-hours of approved course, including in real estate principles and fundamentals. Additionally, you must pass the state’s real estate exam. With our Tennessee real estate study guides, you are guaranteed to pass.

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Tennessee Sample Practice Real Estate Exam Questions and Answers

Tennessee State Section

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Question 1

Who is responsible for maintaining a habitable property and for complying with local housing and building codes?

A	Lessee
B	Buyer
C	Agent
D	Lessor

Question 2

Does Tennessee allow Holographic wills?

A	No
B	Yes

Question 3

What tenancies does Tennessee allow?

A	Tenancy by the entirety
B	Joint tenancy
C	Neither
D	Both

Question 4

Which of the following isn't part of a deed?

A	novation
B	Habendum
C	Premises
D	acknowledgement

Question 5

In what circumstances, if any, can a broker in Tennessee who is serving as an intermediary representing both parties collect compensation from both the buyer and the seller?

A	Only when both buyer and seller give informed consent to this arrangement
B	Only when both buyer and seller have legal representation
C	None; the broker may only collect compensation from one party to a transaction
D	In most circumstances, except when the buyer and seller are related

Question 6

How soon can a broker receive a commission check after a closing in Tennessee?

A	After the transaction is completed and funded.
B	Once the seller agrees to the price.
C	Once the offer sheet is signed.
D	When the Buyer moves in.

Question 7

What term means "going to the state?"

A	Taxation
B	Eminent Domain
C	police power
D	escheat

Question 7 Explanation:

Escheat is if someone dies and there is no one to inherit or no will the property goes to the state.

Question 8

The Salesperson license fee costs how much?

A	$50
B	$55
C	$60
D	$65

Question 9

Which of the following is a landlord's option for a tenant not paying rent?

A	shut off the power
B	shut off the gas
C	unlawful detainer action in court
D	lock the tenant out of the apartment

Question 10

Which is not necessary for a valid contract?

A	due date
B	acceptance
C	offer
D	legal object

Question 11

Does Tennessee have dower laws?

A	No
B	Yes

Question 12

Mortgage "discount" points only apply if which of the following conditions are met?

A	The interest rate on the mortgage loan has been lowered by 1% for each point charged
B	The interest rate on the mortgage loan has been lowered by 2% for each point charged
C	The loan does not close and the buyer owes the lender for services rendered
D	The seller has agreed to pay 1% of the closing costs

Question 13

Which of the following would not put a sales person in jeopardy of losing their license in Tennessee?

A	Being authorized to accept and excessive commission.
B	Convicted of a felony
C	Depositing his/her clients escrow money into a personal account
D	Placing an ad claiming to be a broker when they are not.

Question 14

How many hours of pre-licensing education is required?

A	80 hours
B	60 hours
C	100 hours
D	120 hours

Question 15

An easement by prescription may establish

A	who owes back taxes
B	homestead rights
C	use of property
D	a claim to title

Question 16

Which of the following is required for an applicant to receive a Real Estate License?

A	Must be 25 or older
B	Must have lived in the state for more than a year
C	Must have a Bachelors degree
D	Must sit and pass the required exam

Question 17

What is homestead protection?

A	The estimated value that an asset will have at then end of it's useful life.
B	Net cash remaining to investor after sale of investment property.
C	The status provided to a home owner's principal residence that protects the home against judgement up to a specified amount.
D	Gradual subsidence of waters, leaving dry land.

Question 18

Which of the following is not a state that participates in reciprocity?

A	Arkansas
B	Connecticut
C	Georgia
D	New York

Question 19

The license law is administered by:

A	Tennessee Department of Real Estate
B	Real Estate Commission of Tennessee
C	Tennessee Real Estate Board
D	Tennessee Real Estate Commission

Question 20

After getting the real estate license, how many hours of Continuing Education are you required to take?

A	80
B	120
C	60
D	100

Question 21

Does Tennessee have homestead laws?

A	Yes
B	No

Question 22

Standing trees would be considered

A	Emblements
B	Personal Property
C	Chattels
D	Real property

Question 23

Does Tennessee allow reciprocity with other states?

A	Yes
B	No

Question 24

Is Tennessee a community property state?

A	No
B	Yes

Question 25

What is a holographic will?

A	a will that has been approved by each family member.
B	a standard boiler plate will.
C	a will and testament that has been entirely handwritten and signed by the testator.
D	a will that displays in 3D