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!

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What is the requirement regarding the presentation of a written offer to a client?

It must be presented if it includes contingencies
It must be presented irrespective of its nature
It may be withheld if deemed inappropriate
It can be summarized verbally

The correct answer is: It must be presented irrespective of its nature

A written offer must be presented to a client irrespective of its nature because the ethical and legal standards in real estate emphasize transparency and the necessity of allowing clients to make informed decisions. When an agent receives any written offer, whether it is contingent or unconditional, it is their duty to present it promptly. This requirement ensures that clients have the opportunity to evaluate all available offers and choose how to respond. The principles of agency in real estate dictate that agents act in the best interest of their clients, which means that withholding offers could potentially lead to misunderstandings or missed opportunities for the client. Presenting every offer also helps maintain a clear line of communication and trust between clients and their agents, reinforcing the professional relationship. Therefore, the obligation to present all written offers underscores the importance of professionalism and accountability in real estate transactions.