Tennessee Real Estate Practice Exam

When mailing fees to the commission, how is the payment date determined?

1. By the date written on the check

2. By the date of payment submission

3. By the official postmark on the letter

4. By the date received by the commission

The correct answer is: By the official postmark on the letter

The payment date for mailing fees to the commission is determined by the official postmark on the letter. This means that the date shown on the postmark serves as the official date of submission for the payment, ensuring that the time frame for any deadlines or requirements is accurately tracked based on when the payment was sent, rather than when it may have been processed by the commission. This method protects individuals from potential delays in processing once the payment is received and provides a clear record of when the payment was initiated. This system emphasizes the importance of timely mailing and allows agents and brokers to adhere to deadlines without penalty, as long as their submission is postmarked by the due date. This understanding helps ensure compliance with regulations and allows for a smoother operation within the real estate practice.