What action may the Tennessee real estate Commission take against a person?

What action may the Tennessee Real Estate Commission take against a person who engages in regulated real estate activities without a license? Impose a fine of $1,000 per violation.

Who enforces violations of Tennessee Fair Housing Law?

HUD handles complaints about housing discrimination, bad landlords in federal housing and many other issues.

What action should the seller take when an offer is rejected quizlet?

Terms in this set (11) What action should the seller take when an offer is rejected? Note the rejection on the offer. at any reasonable time.

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Who orders money from recovery fund?

What will the listing agent receive if the agent is scheduled to get a 65% share from his broker? Who orders money to be paid from the Recovery Fund? A court.

When an agent at a real estate company is helping a buyer purchase property which he himself has listed this is known as?

What Is an Exclusive Listing? An exclusive listing is a type of real estate listing agreement in which a property seller appoints and specifically authorizes one real estate broker to act as the seller’s sole agent.

Which of the following actions can the Commission not take?

Which of the following actions can the Commission NOT take? Regulate real estate training schools. … The person must hold a real estate license. The person must be over 25 years of age.

What does the Tennessee Human Rights Commission do?

The Tennessee Human Rights Commission (“the Commission”) is an independent state agency which investigates allegations of discrimination in housing, employment, places of public accommodations and Title VI for state agencies.

Which of the following is true about for sale signs in Tennessee?

Which of the following is true about for sale signs in Tennessee? They must be located at least 20 feet away from the mailbox.

When a seller receives an offer one of his or her possible courses of action is to?

Keep in mind that once you present an offer, the seller can take one of three actions: Accept the offer exactly as it is written. Reject the offer totally. Reject the offer and submit a counteroffer to the buyer for his or her consideration.

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Does the seller have the option to reject Subagency when signing the listing agreement?

Does a seller have the option to reject subagency when signing the listing agreement? No, sellers must accept subagency.

What action may the Tennessee real estate commission take against a person who engages in regulated real estate activities without a license?

What action may the Tennessee Real Estate Commission take against a person who engages in regulated real estate activities without a license? Impose a fine of $1,000 per violation.

What is the maximum amount that any claimant may receive from the Recovery Fund?

A successful applicant to the Recovery Fund may be paid up to a statutory maximum of $50,000 per transaction, with a possible total aggregate maximum of $250,000 per licensee.

What’s the term length for a member of the Tennessee real estate commission?

(d) (1) Every member of the commission shall be appointed for a term of five (5) years and shall serve until a successor is appointed and qualifies by subscribing to the constitutional oath of office, which shall be filed with the secretary of state.

What action might a director take if complaint accusations are supported by the evidence?

What action might a director take if complaint accusations are supported by the evidence? Impose sanctions.

What does a carryover clause do?

What does a carryover clause do? Allows the broker to collect a commission for some period of time after the listing expires. … The broker may claim a commission if the owner sells to a person the broker introduced to the property within a certain time after the listing expired.

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Which of the following protects the brokers commission?

A safety protection clause in a listing agreement entitles the real estate broker or agent to a commission after the listing expires or is canceled. This applies when the final buyer was brought to the deal by the broker.