Tennessee Real Estate Practice Exam

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Study for the Tennessee Real Estate Test with our engaging quizzes. Use flashcards and multiple choice questions, each with hints and explanations, to prepare confidently for your exam day!

Practice this question and more.

If a firm employs a sales associate, must they have a full-time broker?

True
False
Only during peak seasons
Only if they have more than 5 associates

The correct answer is: True

In Tennessee, a sales associate must be affiliated with a licensed broker to legally engage in real estate activities. This requirement establishes that all transactions are supervised by a qualified broker, ensuring compliance with local real estate laws and regulations. The presence of a full-time broker facilitates ongoing guidance, support, and accountability for the sales associate's actions in the marketplace. A firm cannot operate its sales associates independently; therefore, having a designated broker—who is responsible for overseeing the associates—is essential for the firm to conduct business. The requirement applies universally and is not contingent on the number of associates or the time of year, reinforcing that continuous broker oversight is a foundational element of real estate practice in Tennessee.