Tennessee Realtor State Practice Exam

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Prepare for the Tennessee Realtor State Exam. Use flashcards and multiple-choice questions, each with hints and explanations. Ensure your success!

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A Tennessee license expired more than 120 days but less than one year due to failure to comply will be subject to an additional penalty fee of ______.

$50 per 30 day period
$100 per 30 day period
$150 for the entire duration
No penalty fee applies

The correct answer is: $100 per 30 day period

When a Tennessee real estate license has been expired for more than 120 days but less than one year, the real estate commission imposes a specific penalty to encourage compliance and prompt renewal. The correct answer, which indicates a penalty fee of $100 for each 30-day period of non-compliance, reflects a structured approach to handle expired licenses. This system serves as both a deterrent against neglecting license renewals and an incentive for licensees to stay current with their professional obligations. The fee escalates the longer the license remains expired, thereby motivating individuals to renew their license within this time frame to avoid accumulating additional fees. Understanding that the penalties are tiered based on the duration of the expiration can be crucial for licensees in managing their compliance and planning their renewals effectively.