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

Does Tennessee allow reciprocity with other states?

A	No
B	Yes

Question 2

An easement by prescription may establish

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

Question 3

What term means "going to the state?"

A	Eminent Domain
B	escheat
C	police power
D	Taxation

Question 3 Explanation:

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

Question 4

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

A	120
B	80
C	100
D	60

Question 5

Which is not necessary for a valid contract?

A	acceptance
B	offer
C	due date
D	legal object

Question 6

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	Placing an ad claiming to be a broker when they are not.
D	Depositing his/her clients escrow money into a personal account

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	Net cash remaining to investor after sale of investment property.
C	Gradual subsidence of waters, leaving dry land.
D	The estimated value that an asset will have at then end of it's useful life.

Question 8

Does Tennessee have dower laws?

A	No
B	Yes

Question 9

What is a holographic will?

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

Question 10

The Salesperson license fee costs how much?

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

Question 11

Does Tennessee have homestead laws?

A	No
B	Yes

Question 12

Does Tennessee allow Holographic wills?

A	No
B	Yes

Question 13

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

A	Agent
B	Buyer
C	Lessee
D	Lessor

Question 14

Is Tennessee a community property state?

A	No
B	Yes

Question 15

What tenancies does Tennessee allow?

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

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	Only when both buyer and seller have legal representation
B	Only when both buyer and seller give informed consent to this arrangement
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 17

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

A	New York
B	Arkansas
C	Connecticut
D	Georgia

Question 18

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

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

Question 19

How many hours of pre-licensing education is required?

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

Question 20

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 sit and pass the required exam
D	Must have a Bachelors degree

Question 21

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

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

Question 22

The license law is administered by:

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

Question 23

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 24

Standing trees would be considered

A	Personal Property
B	Emblements
C	Chattels
D	Real property

Question 25

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

A	acknowledgement
B	Habendum
C	Premises
D	novation

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