Tennessee Real Estate Exam Prep

TN Salesperson Practice Exam

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Tennessee Sample Practice Real Estate Exam Questions and Answers

Tennessee State Section

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Question 1

Standing trees would be considered

A	Chattels
B	Personal Property
C	Emblements
D	Real property

Question 2

What tenancies does Tennessee allow?

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

Question 3

Is Tennessee a community property state?

A	No
B	Yes

Question 4

Which is not necessary for a valid contract?

A	legal object
B	offer
C	acceptance
D	due date

Question 5

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

A	60
B	80
C	120
D	100

Question 6

Does Tennessee allow Holographic wills?

A	No
B	Yes

Question 7

What is homestead protection?

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

Question 8

What is a holographic will?

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

Question 9

An easement by prescription may establish

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

Question 10

The Salesperson license fee costs how much?

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

Question 11

What term means "going to the state?"

A	Taxation
B	Eminent Domain
C	police power
D	escheat

Question 11 Explanation:

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

Question 12

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

A	Connecticut
B	Georgia
C	Arkansas
D	New York

Question 13

Does Tennessee allow reciprocity with other states?

A	Yes
B	No

Question 14

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

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

Question 15

How many hours of pre-licensing education is required?

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

Question 16

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

Question 17

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 2% for each point charged
B	The interest rate on the mortgage loan has been lowered by 1% 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 18

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

A	Habendum
B	acknowledgement
C	novation
D	Premises

Question 19

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

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

Question 20

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

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

Question 21

Does Tennessee have homestead laws?

A	No
B	Yes

Question 22

Does Tennessee have dower laws?

A	Yes
B	No

Question 23

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

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

Question 24

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

A	Buyer
B	Lessee
C	Lessor
D	Agent

Question 25

The license law is administered by:

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

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