Tennessee Realtor State Practice Exam

Disable ads (and more) with a membership for a one time $2.99 payment

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!

Practice this question and more.

What must Tennessee licensees disclose regarding relationships related to real estate transactions?

Financial connections
Immediate family relationships
Employment status
Educational background

The correct answer is: Immediate family relationships

In Tennessee, real estate licensees are required to disclose immediate family relationships when engaging in real estate transactions. This is important because such relationships can create potential conflicts of interest or perceptions of unfair advantage. For instance, if a licensee is representing a family member in a real estate transaction, this disclosure ensures transparency and protects consumers by allowing them to be fully informed about any personal connections that may influence the transaction. Disclosing immediate family relationships aligns with the ethical standards set forth by the Tennessee Real Estate Commission, as it upholds the integrity of the profession and fosters trust between licensees and their clients. Transparency in such personal relationships is crucial in maintaining fair practice in real estate dealings, which is why this disclosure is mandated. Other choices may pertain to important aspects of a licensee’s professional profile but do not specifically address the personal relationships that impact consumer trust and transactional integrity.