Tennessee Real Estate Practice Exam

Disable ads (and more) with a membership for a one time $4.99 payment

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.

What is the highest penalty that TREC can impose for a violation per incident per day?

$500
$750
$1000
$1500

The correct answer is: $1000

The Tennessee Real Estate Commission (TREC) has the authority to impose penalties for violations of real estate laws and regulations. The maximum penalty that TREC can impose per incident per day is capped at $1,000. This amount reflects the seriousness with which regulatory bodies like TREC treat violations to ensure compliance among real estate professionals. When violations occur, the penalties serve not only as punishment but also as a deterrent to prevent future infractions. The set amount of $1,000 has been established to provide a clear guideline for both regulators and real estate licensees, emphasizing the importance of adhering to the rules governing real estate practices in Tennessee. This penalty structure is designed to foster a high standard of professionalism and ethical conduct within the industry.