Tennessee Realtor State Practice Exam

What is one responsibility of a facilitator in a real estate transaction?

1. Conducting property appraisals

2. Negotiating price with buyers

3. Processing paperwork

4. Marketing the property

The correct answer is: Processing paperwork

In a real estate transaction, one of the primary responsibilities of a facilitator is processing paperwork. This task involves ensuring that all necessary documents are accurately completed and submitted in a timely manner. Facilitators play a key role in managing the administrative aspects of the transaction, which includes preparing contracts, providing disclosures, and coordinating between all parties involved, such as buyers, sellers, and lenders. Processing paperwork is crucial because it helps maintain compliance with legal requirements and facilitates a smooth transaction process. While conducting property appraisals, negotiating prices, and marketing properties are essential functions in real estate, they typically fall under the purview of appraisers, agents, and marketers rather than facilitators. Therefore, the role of a facilitator is distinct and primarily focused on the administrative management of transaction documentation.