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

A	New York
B	Georgia
C	Arkansas
D	Connecticut

Question 2

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 3

Does Tennessee allow Holographic wills?

A	No
B	Yes

Question 4

How many hours of pre-licensing education is required?

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

Question 5

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

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

Question 6

Standing trees would be considered

A	Chattels
B	Emblements
C	Real property
D	Personal Property

Question 7

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

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

Question 8

Is Tennessee a community property state?

A	No
B	Yes

Question 9

Does Tennessee have homestead laws?

A	No
B	Yes

Question 10

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 11

The Salesperson license fee costs how much?

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

Question 12

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

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

Question 13

The license law is administered by:

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

Question 14

Does Tennessee have dower laws?

A	No
B	Yes

Question 15

An easement by prescription may establish

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

Question 16

What is a holographic will?

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

Question 17

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

A	acknowledgement
B	novation
C	Premises
D	Habendum

Question 18

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

A	100
B	80
C	120
D	60

Question 19

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

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

Question 20

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

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

Question 21

What term means "going to the state?"

A	Taxation
B	Eminent Domain
C	escheat
D	police power

Question 21 Explanation:

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

Question 22

Does Tennessee allow reciprocity with other states?

A	Yes
B	No

Question 23

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 24

What tenancies does Tennessee allow?

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

Question 25

Which is not necessary for a valid contract?

A	legal object
B	due date
C	offer
D	acceptance

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