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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Who are the principals in the condo transaction between April and Wayne?

Steve and Wanda
April and Steve
Wayne and Wanda
April and Wayne

The correct answer is: April and Wayne

In a condo transaction, the principals are the main parties involved in the agreement or contract. In this scenario, April and Wayne are the individuals directly engaging in the transaction, making them the principals. They are the ones who will be negotiating the terms of the sale, and any discussions or decisions will primarily involve them. The other choices mention different individuals who are not part of the principal transaction between April and Wayne. While those individuals may be related to the context of the condominium, they do not have a direct role in the transaction itself. Therefore, identifying April and Wayne as the principal parties accurately reflects who is responsible for making the decisions and commitments associated with the condo transaction.