TAB - Tennessee Affiliate Broker Exam

Question 21: An affiliate broker asks whether she may hold her license at one firm for Nashville sales and a second firm for Franklin property management at the same time. Under Tennessee law, what is the answer?

Yes, with both brokers' consent

Yes, one firm per service line

No, only one firm at a time

Yes, if the cities differ

Question 22: A licensee in Johnson City has earned a broker license but prefers to keep selling under someone else's firm rather than manage an office. Under Tennessee law, may a broker do this?

No, brokers must manage a firm

No, the license downgrades automatically

Only with the Commission's special waiver

Yes, a broker may affiliate under a principal broker

Question 23: A broker in Cleveland owns both a sales brokerage and a property-management firm. Under Tennessee statute, when may one person serve as principal broker for both firms at once?

Only if both share one physical address

Only with two separate assistants

Never under any circumstances

Whenever the same person owns both

Question 24: An affiliate broker at a Memphis firm forges a signature entirely on her own. Under Tennessee statute, what is the effect of her act on the supervising principal broker's license?

It suspends the entire firm immediately

It is not automatic cause against him

It automatically revokes his license

It transfers her penalty to him

Question 25: A principal broker at a Knoxville firm wants to assign oversight of a large team's advertising and contracts to its veteran leader. Under Tennessee Real Estate Commission rules, is that delegation effective?

Yes, if the leader is experienced

Yes, once put in writing

No, supervision cannot be delegated to a team

Yes, for advertising tasks only

Question 26: An affiliate broker in Clarksville is moving to a competing firm. Under Tennessee Real Estate Commission procedures, which document drives a transfer, release, or change of status?

A new listing agreement

A county register filing

A notarized resignation letter

The Commission's transfer and release form

Question 27: A Clarksville principal broker signs an affiliate's release. Under Tennessee Real Estate Commission rules, when does the releasing broker's supervisory responsibility for the licensee's future acts end?

When the Commission receives the release

Once the final commission is paid

The moment the parties shake hands

After the new firm accepts the licensee

Question 28: An affiliate broker in Cookeville has been released and has applied to transfer to a new firm. Under Tennessee Real Estate Commission rules, may she keep working her pending deals while the paperwork processes?

Yes, pending deals may continue

No, not until the new affiliation processes

Yes, for thirty days after release

Yes, with written client consent

Question 29: An affiliate broker in Franklin resigns while holding six active listings she personally secured. Under Tennessee Real Estate Commission rules, what happens to those listings when she leaves?

They terminate when she resigns

The sellers choose the keeping firm

They remain with the firm

They transfer with her automatically

Question 30: A departing affiliate broker in Brentwood wants to bring one client's listing to her new firm. Under Tennessee Real Estate Commission rules, what alone can lawfully let her take it?

A team leader's spoken approval

Her written notice to the firm

The client's stated preference

The principal broker's written authorization

Question 31: A new affiliate broker in Chattanooga asks why the Tennessee Real Estate Commission exists at all. Which of the following best states the Commission's primary purpose?

To protect the public

To promote the real estate industry

To settle disputes between competing brokers

To raise revenue for state government

Question 32: The governor is filling seats on the Tennessee Real Estate Commission and must honor the geographic rule built into the statute. How are the nine members distributed across the state?

One from each county that applies

Three from each grand division

Divided between only the two largest cities

All nine from the capital region

Question 33: The Tennessee Real Estate Commission seats both industry members and public members. Which qualification must each of the two public members satisfy under the License Act?

Active in property development for profit

Currently holding a principal broker license

Not engaged in real estate brokerage

Employed by a mortgage lending company

Question 34: A candidate from Knoxville hopes to join the Tennessee Real Estate Commission. Under the License Act, who holds the authority to appoint the members of the Commission?

The state legislature by vote

The statewide association of brokers

The commissioner of commerce and insurance

The governor

Question 35: The Tennessee Real Estate Commission has called a meeting to vote on pending discipline, and the chair must confirm that enough members are present to act. How many of the nine members make a quorum?

A majority of the members

Any three members present

Two of the public members

All nine members together

Question 36: An affiliate broker in Franklin transfers firms before her commission is paid and asks the Tennessee Real Estate Commission to force her former firm to release the money. What will the Commission do?

Suspend the firm until it pays

Decline to settle the commission dispute

Order the firm to pay immediately

Award the affiliate money damages

Question 37: At a sales meeting in Memphis a broker claims the Tennessee Real Estate Commission publishes the customary commission rate that firms should charge. Why is that claim incorrect?

Only the legislature may publish rates

Firms must follow the local board rate

The Commission may not set commission rates

Rates are capped by the realty transfer tax

Question 38: After a licensee in Jackson is convicted of an offense listed in the Broker License Act, the statute imposes a duty to inform the Tennessee Real Estate Commission. Within what period must the licensee notify it?

Only at the next renewal

There is no duty to report

Within twenty-four hours

Within sixty days

Question 39: After a contested hearing the Tennessee Real Estate Commission finds that a licensee violated the License Act and weighs the sanctions available to it. Which of the following may the Commission impose?

Reprimand, suspension, or revocation

Seizure of the licensee's property

An order of jail time

A refund paid to the consumer

Question 40: The Tennessee Real Estate Commission assesses a civil penalty against a licensee for a rule violation, and the consumer who complained expects to receive that money. Who actually receives a civil penalty?

The complaining consumer directly

The state

The licensee's own firm

The local board of brokers

TAB Tennessee Affiliate Broker Exam - Set 4 - Part 2