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Tennessee Affiliate Broker State Portion Examination — Information & Free Practice

US-TN · Examination information

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Tennessee Affiliate Broker State Portion Examination

Examination outline
  • Duties and Powers of Real Estate Commission (Affiliate Broker – 4 Items)
    • Purpose of Commission
    • Persons and Disputes Not Within Commission Jurisdiction
    • Complaints, Notifications, Hearings
    • Disciplinary Actions
  • Licensing Requirements (Affiliate Broker – 4 Items)
    • Licensing Examinations
    • Educational Requirements
    • Other Qualifications
    • Change of Status, Name or Address
    • Firm Licenses; License Display
    • Renewal of License
    • Errors and Omissions Insurance
  • Advertising and Marketing (Affiliate Broker – 7 Items)
    • Requirements for Owner/Agent Advertising
    • "For Sale" Signs
    • Brokerage Company and Team Advertising
    • Internet Advertising
    • Information Required in Advertised Listings
    • Gifts and Prizes
    • Advertising on Social Media
  • Broker/Affiliate Relationships (Affiliate Broker – 5 Items)
    • How Compensation May Be Paid
    • Permitted Affiliations
    • Broker's Supervisory Responsibility
    • Change of Affiliation
    • Ownership of Affiliates' Listings
  • Handling of Documents and Record Keeping (Affiliate Broker – 4 Items)
    • Responsibility for Keeping Records
    • Length of Time to Keep Records
    • What Information/Documents Must Be Kept
    • Handling Offers and other Transaction Documents/Leave Copies
    • Commission Access to Records
  • Handling of Trust/Escrow Funds (Affiliate Broker – 4 Items)
    • Permissible Disbursements of Trust/Escrow Funds
    • General Requirements of Trust/Escrow Accounts
    • Commingling; Improper Use of Trust/Escrow Funds
    • Depository and Account Requirements
    • Interest; Non-liquid Valuables as Earnest Money
    • Time Requirements for Deposit of Funds
  • Other Improper Activities and Consumer Protection (Affiliate Broker – 3 Items)
    • Improper Listing Agreements
    • Discrimination
    • Other Misconduct
  • Agency and Disclosure Issues (Affiliate Broker – 6 Items)
    • General Agency Duties and Creation of Agency Relationship
    • Disclosure of Agency Relationships
    • Disclosure of Material Facts and Misrepresentation
    • Disclosure of Agent's Interest
    • Handling of Offers
    • Designated Agents
    • Facilitators
    • Dual Agency
  • Special Areas of Practice (Affiliate Broker – 3 Items)
    • Timeshare
    • Property Management
    • Commercial/Industrial Real Estate
Examination sources