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

What is homestead protection?

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

Question 2

What tenancies does Tennessee allow?

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

Question 3

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 have lived in the state for more than a year
D	Must be 25 or older

Question 4

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	In most circumstances, except when the buyer and seller are related
D	None; the broker may only collect compensation from one party to a transaction

Question 5

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 power
D	shut off the gas

Question 6

The Salesperson license fee costs how much?

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

Question 7

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

A	Habendum
B	Premises
C	novation
D	acknowledgement

Question 8

Does Tennessee allow reciprocity with other states?

A	No
B	Yes

Question 9

Which is not necessary for a valid contract?

A	offer
B	acceptance
C	legal object
D	due date

Question 10

How many hours of pre-licensing education is required?

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

Question 11

The license law is administered by:

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

Question 12

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

A	Georgia
B	New York
C	Arkansas
D	Connecticut

Question 13

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 14

An easement by prescription may establish

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

Question 15

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

Question 16

Does Tennessee have homestead laws?

A	No
B	Yes

Question 17

Is Tennessee a community property state?

A	No
B	Yes

Question 18

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

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

Question 19

What is a holographic will?

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

Question 20

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 21

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

A	Lessee
B	Buyer
C	Lessor
D	Agent

Question 22

Does Tennessee allow Holographic wills?

A	No
B	Yes

Question 23

Standing trees would be considered

A	Emblements
B	Chattels
C	Personal Property
D	Real property

Question 24

Does Tennessee have dower laws?

A	Yes
B	No

Question 25

What term means "going to the state?"

A	police power
B	escheat
C	Eminent Domain
D	Taxation

Question 25 Explanation:

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

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