Tennessee Real Estate Practice Exam

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If an affiliate licensee requests a release from a firm, when should it be granted?

Within a week
Immediately
At the next regular meeting
After a review period

The correct answer is: Immediately

When an affiliate licensee requests a release from a firm, it should be granted immediately. This policy reflects the principle that real estate is an industry built on trust and respect for individual autonomy. When a licensee seeks a release, it typically indicates that they wish to pursue other opportunities or feel that their current affiliation is no longer beneficial to them. Granting the request without unnecessary delays allows the licensee to move forward promptly and maintains professionalism within the firm. Furthermore, handling such requests with urgency can help preserve good relationships, as it demonstrates a firm's willingness to support the licensee's decisions. It is also important from a legal and ethical standpoint, as unnecessary delays could lead to potential disputes or grievances. Therefore, immediate action aligns with best practices in the real estate industry, ensuring licensees can operate effectively and in their best interest.