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

The Salesperson license fee costs how much?

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

Question 2

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

Question 3

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

A	Agent
B	Lessor
C	Lessee
D	Buyer

Question 4

Is Tennessee a community property state?

A	Yes
B	No

Question 5

Does Tennessee allow Holographic wills?

A	Yes
B	No

Question 6

An easement by prescription may establish

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

Question 7

Does Tennessee have homestead laws?

A	Yes
B	No

Question 8

Does Tennessee have dower laws?

A	No
B	Yes

Question 9

How many hours of pre-licensing education is required?

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

Question 10

What tenancies does Tennessee allow?

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

Question 11

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

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

Question 12

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

A	novation
B	acknowledgement
C	Premises
D	Habendum

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	Convicted of a felony
D	Placing an ad claiming to be a broker when they are not.

Question 14

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 interest rate on the mortgage loan has been lowered by 2% for each point charged
C	The interest rate on the mortgage loan has been lowered by 1% for each point charged
D	The seller has agreed to pay 1% of the closing costs

Question 15

Which is not necessary for a valid contract?

A	offer
B	due date
C	legal object
D	acceptance

Question 16

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

A	80
B	100
C	60
D	120

Question 17

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 give informed consent to this arrangement
B	Only when both buyer and seller have legal representation
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 18

What term means "going to the state?"

A	Eminent Domain
B	police power
C	Taxation
D	escheat

Question 18 Explanation:

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

Question 19

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

A	New York
B	Arkansas
C	Georgia
D	Connecticut

Question 20

Standing trees would be considered

A	Chattels
B	Real property
C	Emblements
D	Personal Property

Question 21

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

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

Question 22

What is homestead protection?

A	The estimated value that an asset will have at then end of it's useful life.
B	Net cash remaining to investor after sale of investment property.
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 23

Does Tennessee allow reciprocity with other states?

A	No
B	Yes

Question 24

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