TAB Tennessee Affiliate Broker Exam - Set 3 - Part 1

Test your knowledge of technical writing concepts with these practice questions. Each question includes detailed explanations to help you understand the correct answers.

Question 1: A buyer works with a licensee who shows property and supplies honest information but never agrees to represent the buyer. Which of the following describes that buyer to the licensee?

A customer

A client

A principal

A subagent

Question 2: A seller signs a listing that authorizes a brokerage to market the home and find a ready, willing, and able buyer. Which classification of agency does this listing create?

Universal agency

Gratuitous agency

Special agency

General agency

Question 3: An owner hires a firm to operate an apartment community, leasing units, collecting rents, and contracting for repairs over a continuing relationship. Which classification of agency fits the firm?

General agent

Designated agent

Special agent

Universal agent

Question 4: A licensee with no listing finds a buyer for an owner outside Jackson and presents the offer. The surprised owner signs the contract and agrees to pay the fee. How was this agency created?

By estoppel

By express agreement

By implication

By ratification

Question 5: A Knoxville manager screens every rental applicant against the same written criteria adopted in advance, documenting each decision. What is the chief benefit of applying criteria this way?

It shows consistent, nondiscriminatory treatment

It removes the need to verify income

It exempts the manager from fair-housing law

It lets the manager favor preferred applicants

Question 6: A seller agrees to pay a buyer broker's fee at closing as a negotiated term of the purchase. Under common-law agency, whom does that buyer broker represent?

Neither party as a facilitator

The seller who pays the fee

The buyer alone

Both parties equally

Question 7: A seller signs a listing under which the firm earns its commission no matter who finds the buyer during the term, even a buyer the seller produces personally. Which listing is this?

An exclusive agency listing

An open listing

A net listing

An exclusive right to sell listing

Question 8: A Germantown seller wants one firm marketing the home yet insists on keeping the right to sell to a buyer she finds herself without paying any commission. Which listing fits her wishes?

An exclusive agency listing

An open listing

A net listing

An exclusive right to sell listing

Question 9: A buyer signs an agreement engaging a brokerage to locate property, advise on value, and negotiate for the lowest workable price. The agreement belongs to the firm and ends at the buyer's death. What is it?

A management agreement

An open listing

A buyer representation agreement

A net listing

Question 10: A licensee assists both a buyer and a seller with showings, forms, and closing logistics while advocating for neither side. Which duty does this facilitator still owe both parties?

Loyalty

Obedience

Undivided advocacy

Honesty and good faith

Question 11: A Clarksville homeowner deploying overseas signs a notarized document letting his sister sign the listing, contract, and deed to sell his house. What is that document called?

A power of attorney

A deed of trust

A novation

A listing agreement

Question 12: A title company reviewing a sale prefers a written authority that names the specific property and transaction rather than a sweeping grant over all the owner's affairs. Which instrument does it want?

A springing power of attorney

A special power of attorney

A general power of attorney

A durable power of attorney

Question 13: A tenant under a written lease in a Memphis fourplex stops getting heat in winter, and the manager ignores repeated requests. Which implied protection does the manager's inaction breach?

The tenant's duty to pay rent

The covenant against self-help eviction

The implied warranty of habitability

The landlord's right of reasonable access

Question 14: A brick ranch under an exclusive listing is destroyed by fire before any buyer appears. With no further action by anyone, what happens to the agency relationship?

It converts to an open listing

It transfers to the insurer

It continues until the term expires

It terminates automatically

Question 15: A lender financing a Sevierville subdivision receives, as part of its security, authority to sell lots and apply proceeds to the loan if the developer defaults. Why can the developer not revoke that authority?

It is an agency coupled with an interest

The developer ratified the arrangement

The lender expects a commission

The authority was put in writing

Question 16: A listing agent secretly arranges to buy the seller's home through a relative without telling the seller of the connection or the agent's interest. Which fiduciary duty does this breach?

Accounting

Loyalty

Reasonable care

Obedience

Question 17: While chatting with the buyer's agent, a listing agent reveals that her sellers are anxious because they close on their new home in three weeks. Which fiduciary duty did she breach?

Disclosure

Reasonable care

Confidentiality

Accounting

Question 18: A Franklin seller who has seen water stains and remediation invoices tells her listing agent to assure buyers the basement has never flooded. What must the agent do?

Disclose the stains only to the seller

Follow the instruction as given

Stay silent if a buyer asks

Refuse to make the false statement

Question 19: A seller's agent receives a low written offer she believes the seller will dislike, while she privately favors a different buyer. What does the duty of disclosure require her to do?

Present the offer promptly to the seller

Reject the low offer on the seller's behalf

Hold the offer to favor the other buyer

Present it only after the preferred offer fails

Question 20: At a Gallatin open house an unrepresented buyer tells the listing agent he would pay more than his written offer but asks her to keep that from the seller. What governs her response?

She now represents the buyer too

She must tell her seller-client

She may lie to the buyer about it

She must keep the buyer's secret

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