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!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

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What is the maximum civil penalty for a single license law violation in Tennessee?

$500
$1,000
$2,500
$5,000

The correct answer is: $1,000

The maximum civil penalty for a single license law violation in Tennessee is indeed $1,000. This figure is significant as it establishes a framework for enforcing compliance with real estate laws and regulations in the state. The rationale behind setting a civil penalty of this amount is to provide a deterrent against violations while still being manageable for licensees to address if they do make an error. It is essential for real estate professionals to recognize this penalty as a part of maintaining their license and adhering to the standards required by the Tennessee Real Estate Commission. Understanding the penalties for violations helps ensure that agents and brokers operate within the law and uphold the integrity of the profession. It's important to note that higher penalties can be imposed in aggregate for multiple violations or in cases of more severe misconduct, but for individual infractions, the limit is capped at $1,000. This knowledge is crucial for anyone preparing for the Tennessee Realtor State Practice Exam.