Real State Exam 1 Part 2

Real estate license law in Tennessee is administered by the:

A: Tennessee Real Estate Commission.
Illumination:
In Tennessee, real estate law is administered by the Tennessee Real Estate Commission. The Tennessee Association of Realtors is a trade organization, while the Tennessee Human Rights Commission and Depart

Members of the Tennessee Real Estate Commission are selected by:

A: the governor.
Illumination:
The governor appoints members to the commission. Real estate trade organizations, licensees and the public are not responsible for member selection.

Of the following, which is an authorized activity of the Tennessee Real Estate Commission?

A: Making and enforcing the rules by which real estate licensees must abide
Illumination:
The TREC makes and enforces the rules the govern all activities of real estate licensees. These rules support real estate law that is enacted by the legislature. Ind

Which of the following is NOT a valid reason for the TREC to investigate a licensee?

A: Random selection of licensees
Illumination:
There must be a valid reason for the commission to investigate a licensee; it cannot be random. If a member of the public, commission members or commission itself has cause, an investigation can be conducted.

A commissioner's term of appointment lasts:

A: five years.
Illumination:
The governor appoints commission members for a term of five years.

Which of the following statements is NOT true?

A: The Tennessee Association of Realtors selects members to the commission.
Illumination:
While real estate rules are enforced by the commission that is headed by an appointed executive director and exams are conducted by an independent firm, the state re

How many members make up the TREC?

A: Nine
Illumination:
The governor appoints nine commission members.

Of that total, how many are licensed brokers or affiliate brokers?

A: Seven must be brokers or affiliate brokers
Illumination:
Seven must be brokers or affiliate brokers " Under license law, seven of the governor's appointees

The two nonlicensee members of the commission are selected from what grand divisions?

A: They must be from different grand divisions.
Illumination:
It is only required that the two nonlicensee members appointed to the commission be from different grand divisions.

The TREC meets:

A: once a month.
Illumination:
The commission meets monthly for as many as three days depending on the amount of business.