Tennessee Portion CLI - Real Estate License Quiz

What is the minimum age requirement for real estate license applicants?

• 16

• 18

• 21

• 25

How many hours of real estate education in principles/fundamentals are required for affiliate broker candidates before taking the examination?

• 30 hours

• 45 hours

• 60 hours

• 75 hours

When can you register for the examination as an affiliate broker candidate?

• Before completing the education

• After the examination

• After the school forwards proof of completed education

• Before turning 18

What is the minimum passing score required for Affiliate Brokers on each part of the exam (State and National)?

• 60%

• 65%

• 70%

• 75%

What must Affiliate Brokers provide when applying for a license?

• Birth certificate

• Proof of real estate transactions

• Proof of high school graduation or GED

• Medical records

What is the exam fee for affiliate brokers?

• $10

• $25

• $39

• $50

How many members are there on the Tennessee Real Estate Commission?

• 5

• 7

• 9

• 11

Who can engage in real estate transactions without a required license?

• Any individual

• Attorneys-in-fact with a power of attorney

• Corporations

• All of the above

What is the penalty for acting as a licensed real estate agent without obtaining a license?

• Class A misdemeanor

• Class B misdemeanor

• Class C misdemeanor

• Felony

What is the maximum penalty for acting as a licensed real estate agent without obtaining a license if the person receives money or compensation?

• Amount received

• Twice the amount received

• Three times the amount received

• No penalty