Tennessee Exam Prep: Licensing Requirements Flashcards

Tennessee Exam Prep: Licensing Requirements Flashcards

Applicants with prior convictions or disciplinary

action:Applicants must appear before the commission to

determine if their criminal record or violation warrants real estate license ___. Applicants' principal brokers ___ attend the hearing.denial; must main placeSignage requirements and displaying licensesLicensees aren't allowed to advertise themselves as real estate agents at any property unless the name of their ___ appears on the sign as well. The name of the licensee can't be in larger letters than the name of the firm.

Broker license application process:Submit completed

Broker Examination Application with ___ and applicant's photo.Complete Eligibility Verification for Entitlements Act Attestation form.Provide a certificate of completion of ____ hours of approved real estate instruction.Apply in writing within ___ months of passing the broker exam.fee; 120; 6 2; 3; 2To renew, broker and affiliate broker licensees

must:-Complete ____ hours of continuing education during

the two years immediately preceding their license expiration date.-Submit a renewal application and proof of successful course completion (if required).-Pay a renewal license fee every ___ years. Renewal fees are

approximately ___.-Renewal deadlines:-Licensees must

deliver their renewal paperwork and fees to the real estate commission ___ days prior to their license's expiration date.-Licensees may submit their renewal paperwork any time after the ___-day mark, but prior to the license's expiration date. They'll be assessed a penalty fee.-Licensees have the option to renew their licenses through the online licensing system.

Broker pre-licensing educational requirements:High school

diploma or a GED certificateCertification of completion for ___ classroom hours (including ___ hours of office or brokerage management)

120; 30

Affiliate broker application process:Provide proof that the

_____ requirements have been met.Submit completed application with fee and applicant's photo.Provide a certificate of completion of __ hours of approved real estate instruction.Complete Eligibility Verification for Entitlements Act Attestation form.Apply in writing on an approved form and have principal broker sign application.And if active,

submit proof of: ___ insuranceAffiliation with a licensed

Tennessee firm (residing within __ miles of the firm's office) education; 90; E&O; 50 -Intentional acts-Punitive damages-Negligence or misrepresentation in personal property transactions (i.e., the broker has an interest in the property beyond brokerage services and compensation for those services; for example, the broker owns the property or an interest in it) Licensees who fail to obtain, maintain, or renew their E&O insurance will have their license suspended.Licensees

whose licenses have been suspended:-May not engage in

real estate activities that require a _____-Will not have their license renewed or a new license issued-May submit a written ____ to the commission, requesting a formal

hearing

All Tennessee applicants must also provide proof that they are at least __ years old.18 Additional broker and affiliate broker applicant

requirements: ____ from the broker that the affiliate broker

candidate plans to affiliate with has completed the required __-hour training program Certification; 30 When licensees (or applicants) request at any time to

withdraw current or pending status:

When licensees (or applicants) request at any time to

withdraw current or pending status:During the inactive

status period, inactive affiliate brokers or brokers:-Must

continue to meet their educational requirements-Must continue to pay the license renewal fee prior to the license _____ _____-May not engage in any license-related real estate activity planning commissionWhen changing addresses, a firm must submit items one through four of TREC Form 2, with the ____ change-of-address fee. All licensees registered with that firm must notify the real estate commission, in writing, within ___ days of the move, and pay the required change-of-address fee.Broker and affiliate broker continuing education

requirements:__ hours for each __-year renewal period

16; 2 retirementTo reactivate their license from either a retired or inactive status, licensees must submit the ____ _____ and Change of Status form, along with the change-of-status fee.

Experience: Affiliate broker applicants need __ prior

experience no

one yearReinstatement of an expired license:Licensees with an

expired license due to a health issue or medical problems may request a ____ ____ with a doctor's note and statement explaining the situation, then pay the required renewal fees. Late fees would not be assessed.When a contractual relationship between a broker and affiliate broker is terminated:The licensee must:Secure a release from the brokerage, which will then ___ the principal broker's supervisory responsibility.Refrain from engaging in any real estate activity or acting under contract with another brokerage until a ____ is complete.Complete the required administrative tasks for change of affiliation or temporary retirement within __ days after the release, or be placed on inactive status.terminate; transfer; 10 Additional broker and affiliate broker applicant

requirements:All applicants must be fingerprinted and

submit to a criminal background check. Anyone who fails to provide fingerprints will not receive a ___ license