TN Real Estate Q&A Latest Update 100% PASS
Course:
PSI Real Estate
Institution:
PSI Real Estate
TN Real Estate Q&A Latest Update 100% PASS
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✅ Prepared for 2025/2026 test cycle
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| Uploaded on: | April 29, 2025 |
| Last updated: | May 3, 2025 |
| Number of pages: | 32 |
| Written in: | 2025/2026 |
| Type: | Exam (elaborations) |
| Contains: | Questions & Answers |
| Tags: | TN Real Estate Q&A Latest Update 100% PASS |
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TN Real Estate | Questions and Correct Answers | Latest Update 2025/2026 Brokerage - Answer -The business of bringing buyers and sellers together Agency - Answer -The broker is hired by someone called the client to represent that client in negotiating contracts Independent Contract - Answer -One who is not an employee-They are paid gross earnings and the broker does not subtract tax/S.S. from their earnings Law that passed to be treated as Independent Contractor - Answer TEFRA (Tax, Equity, Fiscal, Responsibility, Act) *Single Agency - Answer -The broker represents either buyer or seller not both *Dual Agency (not recommended b/c of legal liability) - Answer Represents buyer and seller in same transaction *Disclosed- Dual agency - Answer -Legal in TN if full disclosure is given to both clients and written consent is received from both clients *Undisclosed-Dual agency - Answer -Illegal in TN
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