Tennessee Real Estate Affiliate Broker Exam — All Questions

To maintain a Tennessee license, licensees must complete continuing education each renewal cycle, which includes a required:

• a.TREC Core Course✓
• b.national licensing exam
• c.multi-year apprenticeship
• d.no education at all

Tennessee licensees must complete continuing education for each renewal cycle, including the mandatory TREC Core Course that covers current Tennessee law and rules. New affiliate brokers also complete a post-license course. Confirm current hour totals with TREC.

How much real estate education must a Tennessee affiliate broker applicant finish before sitting for the licensing examination?

• a.Sixty hours in real estate principles or fundamentals✓
• b.Ninety hours in real estate principles or fundamentals
• c.Thirty hours in real estate principles or fundamentals
• d.Forty-five hours in real estate principles or fundamentals

The Commission requires sixty hours of real estate education in principles or fundamentals before the examination. The thirty-hour Course for New Affiliates is a separate requirement that comes afterward, so the ninety-hour figure is the two courses combined rather than the pre-examination requirement. Cite: Tennessee Real Estate Commission, Affiliate Broker Licensure requirements, tn.gov/commerce/regboards/trec; T.C.A. 62-13-303.

What is the thirty-hour Course for New Affiliates in Tennessee?

• a.The broker upgrade course covering office and brokerage management
• b.The continuing education a licensee takes each renewal period
• c.A course an affiliate broker must finish before licensure✓
• d.An optional course that shortens the sixty-hour principles course

Affiliate brokers licensed after December 31, 2004 must have completed the thirty-hour Course for New Affiliates before the license is issued, and a certificate or letter of completion is filed with the application. It is distinct from continuing education and from the broker's Office and Brokerage Management course. Cite: Tennessee Real Estate Commission, Affiliate Broker Licensure requirements, tn.gov/commerce/regboards/trec.

What classroom education must a Tennessee broker candidate present with the broker application?

• a.Sixty hours, of which thirty must be office and brokerage management
• b.One hundred twenty hours, thirty in Office or Broker Management✓
• c.Ninety hours, sixteen of them Office or Broker Management
• d.Two hundred forty hours, of which sixty must be brokerage management

A Tennessee broker candidate must complete one hundred twenty classroom hours of approved real estate education, thirty of which must be an Office or Broker Management course taken at a Commission-approved school. Cite: Tennessee Real Estate Commission, Broker Licensure requirements, tn.gov/commerce/regboards/trec.

How long must someone licensed as a Tennessee affiliate broker today hold that license before qualifying for a broker license?

• a.Twelve months of active licensure in this or another state
• b.Twenty-four months of active licensure in any jurisdiction
• c.Sixty months of active licensure under a principal broker
• d.Thirty-six months of active licensure as an affiliate broker✓

A candidate licensed as an affiliate broker after May 12, 1988 needs thirty-six months actively licensed. The twenty-four month figure applies only to a candidate holding a baccalaureate degree with a major in real estate, or to someone licensed as an affiliate broker on or before May 12, 1988. Cite: Tennessee Real Estate Commission, Broker Licensure requirements, tn.gov/commerce/regboards/trec; T.C.A. 62-13-303.

What are the minimum age and general education requirements for a Tennessee affiliate broker applicant?

• a.Twenty-one years old, with an associate degree or higher
• b.Eighteen years old, with two years of college coursework
• c.Eighteen years old, with a high school diploma or equivalent✓
• d.Twenty-one years old, with a high school diploma or equivalent

The license law sets the minimum age at eighteen and requires a high school degree or a high school equivalency credential approved by the state board of education; the Commission asks for proof of high school graduation with the application. Cite: T.C.A. 62-13-303; Tennessee Real Estate Commission, Affiliate Broker Licensure requirements, tn.gov/commerce/regboards/trec.

How much continuing education must a Tennessee affiliate broker complete to renew?

• a.Sixteen hours during the preceding two-year license period✓
• b.Eight hours during the preceding two-year license period
• c.Thirty hours during the preceding two-year license period
• d.Twenty-four hours during the preceding two-year license period

An affiliate broker originally licensed on or after July 1, 1980 is ineligible for renewal unless at least sixteen hours of continuing real estate education were satisfactorily completed during the immediately preceding two-year license period. The Commission currently designates six of those hours as a CORE course, leaving ten elective hours. Cite: Tenn. Comp. R. & Regs. 1260-05-.12(3)(a); Tennessee Real Estate Commission, licensure pages, tn.gov/commerce/regboards/trec.

Can a Tennessee affiliate broker use the Office or Brokerage Management course for continuing education credit?

• a.Yes, and it counts for the full thirty hours of credit
• b.Yes, but only half of its hours count toward the sixteen
• c.Yes, if the affiliate broker supervises unlicensed assistants
• d.No, that course is not approved as affiliate broker education✓

The rule states that the office or brokerage management course required of broker applicants will not be approved as a post-licensing or continuing education course for affiliate brokers. A separate rule also denies credit for repeating course content already credited in the same renewal period. Cite: Tenn. Comp. R. & Regs. 1260-05-.12(2); 1260-05-.14.

Which Tennessee licensees must carry errors and omissions insurance?

• a.Every licensee, whether the license is active, inactive or retired
• b.Active licensees, but not those inactive or in retired status✓
• c.Principal brokers only, whose policy covers the whole firm
• d.Brokers and firms, but not individually licensed affiliate brokers

Carrying errors and omissions insurance covering all activities under the Broker License Act is a requirement for an active licensee; a licensee who places the license in inactive or retired status need not carry it until the license is activated, at which point a prorated premium applies. The principal broker must ensure every affiliated licensee holds it. Cite: Tenn. Comp. R. & Regs. 1260-01-.15; 1260-01-.16(2)(a).

A Tennessee license has been expired for more than one year. What does the Commission require to get it back?

• a.Payment of the renewal fee plus accrued monthly penalty fees
• b.A signed reinstatement order and proof of continuing education
• c.Reapplying, meeting current education rules and retesting✓
• d.A medical waiver request supported by a signed doctor's statement

Once a license has been expired for more than one year the individual must reapply for licensure, meet current education requirements, and pass all required examinations. Penalty-fee reinstatement and the reinstatement order apply to shorter lapses, and the medical waiver covers a failure to renew within sixty days caused by health issues. Cite: Tenn. Comp. R. & Regs. 1260-01-.21(1)-(3).

How must a Tennessee applicant submit fingerprints for the required criminal background check?

• a.Electronically, through the company contracted by the state✓
• b.On ink cards mailed directly to the Commission's Nashville office
• c.On ink cards taken at any local police or sheriff's department
• d.Electronically, through the applicant's own principal broker

Fingerprints must be submitted in an electronic format, with the applicant arranging and paying for processing through the private company contracted by the state to transmit classifiable prints to the TBI and FBI. Former licensees who must reapply are treated as initial applicants for this purpose. Cite: Tenn. Comp. R. & Regs. 1260-01-.17.