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

What is homestead protection?

A	Net cash remaining to investor after sale of investment property.
B	The status provided to a home owner's principal residence that protects the home against judgement up to a specified amount.
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 2

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

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

Question 3

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

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

Question 4

Does Tennessee allow Holographic wills?

A	Yes
B	No

Question 5

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

A	60
B	100
C	120
D	80

Question 6

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

A	Connecticut
B	Arkansas
C	Georgia
D	New York

Question 7

Does Tennessee have homestead laws?

A	No
B	Yes

Question 8

Which is not necessary for a valid contract?

A	legal object
B	acceptance
C	due date
D	offer

Question 9

The Salesperson license fee costs how much?

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

Question 10

Is Tennessee a community property state?

A	No
B	Yes

Question 11

Does Tennessee allow reciprocity with other states?

A	Yes
B	No

Question 12

How many hours of pre-licensing education is required?

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

Question 13

Standing trees would be considered

A	Chattels
B	Emblements
C	Personal Property
D	Real property

Question 14

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 standard boiler plate will.
D	a will that has been approved by each family member.

Question 15

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

A	acknowledgement
B	Habendum
C	novation
D	Premises

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

Question 17

What tenancies does Tennessee allow?

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

Question 18

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 19

An easement by prescription may establish

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

Question 20

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 1% for each point charged
D	The interest rate on the mortgage loan has been lowered by 2% for each point charged

Question 21

Does Tennessee have dower laws?

A	No
B	Yes

Question 22

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

A	Lessee
B	Agent
C	Lessor
D	Buyer

Question 23

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 be 25 or older
C	Must sit and pass the required exam
D	Must have a Bachelors degree

Question 24

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

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

Question 25

What term means "going to the state?"

A	Eminent Domain
B	police power
C	Taxation
D	escheat

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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Tennessee Real Estate Exam Prep

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Tennessee Sample Practice Real Estate Exam Questions and Answers

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