How many members make up the TN Real Estate Commission?
(a) There is created the Tennessee real estate commission, referred to in this part as the “commission,” which consists of nine (9) members appointed by the governor, each of whom shall be a resident of this state and shall possess good moral character.
Who is the executive director of the Tennessee Real Estate Commission?
Caitlin Maxwell – Executive Director – Tennessee Real Estate Commission | LinkedIn.
How are members appointed to the commission quizlet?
The governor appoints members to the commission. Real estate trade organizations, licensees and the public are not responsible for member selection.
-The Tennessee Real Estate Broker License Act is the law; –the Tennessee Real Estate Commission is the enforcement.
How does a person get to serve on the real estate commission TN?
Established in 1951 is the State Regulator of real estate licensees. … May not set fees or commissions for real estate contracts or transactions. Tennessee Real Estate Commissioners are appointed by the governor for a term of. Five years.
Which of the following is a responsibility of the Tennessee Real Estate Commission?
The mission of the Tennessee Real Estate Commission is to protect the public through establishment and administration of minimum requirements for candidates and licensees, effective professional education of licensees and enforcement of professional conduct.
What is an affiliate broker in Tennessee?
an affiliate broker is a licensed broker who is working as an agent and not operating his or her own office. An affiliate broker works for a broker and has a commission split with the broker.
Which of the following is typically a licensee’s duty to the brokerage?
Which of the following is typically a licensee’s duty to the brokerage? Work to promote and sell the broker’s listings.
What states does Tennessee have real estate reciprocity with?
No, Tennessee does not offer reciprocity with other states in regards to real estate licenses.
Who orders money to be paid from the 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.
How many members of TREC are licensed real estate brokers or affiliate brokers in Tennessee quizlet?
It is created within the Division of Regulatory Boards of the Tennessee Department of Commerce and Insurance. How many members are on the Tennessee Real Estate Commission? TREC consists of nine members, three of whom are appointed from each grand division or the state: east, middle, and west.
Which of the following can the Commission not do with respect to a nonresident license?
Which of the following can the commission NOT do with respect to a nonresident license? Require the nonresident licensee to move to Tennessee. A property’s taxes are $9,540 and are paid for in arrears.
How many members represent the public at large of the nine member Tennessee Real Estate Commission?
Two members of the Tennessee Real Estate Commission, Barb and Jeff, represent the public at large.
When a real estate affiliate broker license is issued in Tennessee How long is it valid?
You may renew your affiliate broker license online, at CORE. You should renew your license prior to its expiration date. You will need to have completed the required number of classroom hours in real estate education before renewing. The renewal is good for two years.
How would you calculate a transfer tax of 04 on a $350000 property?
How would you calculate a transfer tax to . 04% on a $350,000 property? Multiply 350,000 by . 0004.