Tennessee Real Estate Practice Exam

Does the Tennessee Real Estate Commission get involved in commission disputes?

1. Yes, always

2. No, never

3. Yes, but only for major disputes

4. It depends on the dispute

The correct answer is: No, never

The Tennessee Real Estate Commission (TREC) is primarily a regulatory body responsible for overseeing real estate practices, including licensing agents and brokers, enforcing laws, and ensuring ethical behavior within the industry. However, it does not get involved in individual commission disputes between agents and brokers or between brokers and their clients. Commission disputes are often considered contractual issues between the involved parties based on their agreements. It is the responsibility of the agents and brokers to resolve these matters, typically through negotiation or legal action if necessary. This framework indicates that option B is accurate as it emphasizes TREC's lack of involvement in these disputes. The other options suggest varying levels of involvement, but none reflect the commission's actual policy regarding disputes related to commissions, which consistently maintains a hands-off approach in those areas.