Reference no: EM132207230
1. If the broker dies or loses her license, the state's real estate licensing agency may choose to appoint a ________ to close any transactions that are pending.
temporary broker
continuing agent
mortgage banker
trustee broker
2. The Tennessee Real Estate Commission might consider revoking Zach’s affiliate broker license if he did which of the following?
Employed an unlicensed assistant.
Accepted a commission from a broker other than his principal broker.
Attempted to represent a buyer in a transaction involving one of his listings.
Called an auction for another broker with his broker’s permission.
3. Vernon signed a contract with Cameron allowing Cameron to deal cocaine on Vernon's property. This contract is ____ because neither party can legally enforce it.
executable
accepted
voidable
void
4. If a court orders a payment to a consumer for a licensee's license violation, who pays?
The Tennessee Real Estate Association.
The Tennessee Real Estate Recovery Fund.
Tennessee’s General Operating Fund.
The Commission’s Revolving Fund.