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

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 2

Does Tennessee allow reciprocity with other states?

A	No
B	Yes

Question 3

Which is not necessary for a valid contract?

A	offer
B	legal object
C	due date
D	acceptance

Question 4

The Salesperson license fee costs how much?

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

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

Does Tennessee allow Holographic wills?

A	Yes
B	No

Question 7

How many hours of pre-licensing education is required?

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

Question 8

Is Tennessee a community property state?

A	No
B	Yes

Question 9

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

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

Question 10

What term means "going to the state?"

A	escheat
B	Taxation
C	police power
D	Eminent Domain

Question 10 Explanation:

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

Question 11

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

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

Question 12

What is a holographic will?

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

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

Question 14

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

A	Connecticut
B	Arkansas
C	Georgia
D	New York

Question 15

Does Tennessee have dower laws?

A	Yes
B	No

Question 16

An easement by prescription may establish

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

Question 17

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 18

Does Tennessee have homestead laws?

A	No
B	Yes

Question 19

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

A	Habendum
B	Premises
C	novation
D	acknowledgement

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 power
D	shut off the gas

Question 21

The license law is administered by:

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

Question 22

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

A	Agent
B	Buyer
C	Lessor
D	Lessee

Question 23

What tenancies does Tennessee allow?

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

Question 24

What is homestead protection?

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

Question 25

Standing trees would be considered

A	Personal Property
B	Real property
C	Chattels
D	Emblements

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Tennessee Real Estate Exam Prep

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Tennessee Sample Practice Real Estate Exam Questions and Answers

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