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

Which is not necessary for a valid contract?

A	offer
B	acceptance
C	legal object
D	due date

Question 2

What is a holographic will?

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

Question 3

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

A	acknowledgement
B	Premises
C	novation
D	Habendum

Question 4

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

A	120
B	60
C	80
D	100

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

Question 6

The license law is administered by:

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

Question 7

Is Tennessee a community property state?

A	Yes
B	No

Question 8

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

A	New York
B	Arkansas
C	Georgia
D	Connecticut

Question 9

What term means "going to the state?"

A	Taxation
B	police power
C	Eminent Domain
D	escheat

Question 9 Explanation:

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

Question 10

Does Tennessee have dower laws?

A	Yes
B	No

Question 11

An easement by prescription may establish

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

Question 12

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

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

Question 13

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

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

Question 14

Does Tennessee have homestead laws?

A	Yes
B	No

Question 15

Does Tennessee allow reciprocity with other states?

A	Yes
B	No

Question 16

Does Tennessee allow Holographic wills?

A	Yes
B	No

Question 17

Standing trees would be considered

A	Emblements
B	Real property
C	Personal Property
D	Chattels

Question 18

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

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

Question 19

The Salesperson license fee costs how much?

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

Question 20

What is homestead protection?

A	Gradual subsidence of waters, leaving dry land.
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	The status provided to a home owner's principal residence that protects the home against judgement up to a specified amount.

Question 21

What tenancies does Tennessee allow?

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

Question 22

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

A	Buyer
B	Lessor
C	Lessee
D	Agent

Question 23

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

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

Question 24

How many hours of pre-licensing education is required?

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

Question 25

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

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

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