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

An easement by prescription may establish

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

Question 2

What is homestead protection?

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

Question 3

What term means "going to the state?"

A	Taxation
B	police power
C	Eminent Domain
D	escheat

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

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

A	Lessor
B	Buyer
C	Lessee
D	Agent

Question 5

What tenancies does Tennessee allow?

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

Question 6

Which is not necessary for a valid contract?

A	offer
B	legal object
C	due date
D	acceptance

Question 7

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

A	120
B	100
C	60
D	80

Question 8

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	Only when both buyer and seller give informed consent to this arrangement
D	None; the broker may only collect compensation from one party to a transaction

Question 9

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

A	Arkansas
B	Connecticut
C	Georgia
D	New York

Question 10

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

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

Question 11

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

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

Question 12

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

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	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 14

How many hours of pre-licensing education is required?

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

Question 15

The Salesperson license fee costs how much?

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

Question 16

Is Tennessee a community property state?

A	No
B	Yes

Question 17

The license law is administered by:

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

Question 18

Standing trees would be considered

A	Personal Property
B	Real property
C	Emblements
D	Chattels

Question 19

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

A	Premises
B	novation
C	Habendum
D	acknowledgement

Question 20

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 be 25 or older
D	Must have a Bachelors degree

Question 21

Does Tennessee allow reciprocity with other states?

A	Yes
B	No

Question 22

What is a holographic will?

A	a standard boiler plate will.
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 will that displays in 3D

Question 23

Does Tennessee have dower laws?

A	No
B	Yes

Question 24

Does Tennessee have homestead laws?

A	No
B	Yes

Question 25

Does Tennessee allow Holographic wills?

A	No
B	Yes

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