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 lowest penalty that TREC can impose for a violation per incident per day?

$25
$50
$100
$200

The correct answer is: $50

Tennessee Real Estate Commission (TREC) has established guidelines for penalties associated with violations to ensure compliance with its regulations. The specified amount of $50 represents the lowest penalty per incident per day that TREC can impose for such violations. This amount serves as a deterrent to non-compliance and emphasizes the importance of adhering to real estate laws and regulations. Understanding these penalties is vital for real estate professionals, as it highlights the financial implications of violations, reinforcing the necessity for ethical practice and compliance with TREC's standards. The choice of $50 as the baseline penalty strikes a balance between being a significant enough deterrent while also being manageable for those regulated by TREC. This framework is in place to maintain professionalism and protect consumers in the real estate market.