Tennessee Realtor State Practice Exam

What is the primary responsibility of the Tennessee Real Estate Commission?

1. To provide legal advice to agents

2. To regulate real estate licenses

3. To create real estate courses

4. To manage property disputes

The correct answer is: To regulate real estate licenses

The primary responsibility of the Tennessee Real Estate Commission is to regulate real estate licenses. This includes overseeing the issuance, renewal, and discipline of real estate licenses for agents and brokers in the state. The Commission ensures that real estate professionals adhere to state laws and regulations, maintaining a standard of conduct that protects public interest in real estate transactions. By regulating licenses, the Commission enhances the professionalism of the industry, ensuring that only qualified individuals are permitted to practice in real estate. This oversight helps to maintain public trust in real estate transactions and protects consumers from fraudulent or unethical practices. While providing legal advice, creating courses, and managing property disputes are important aspects of the real estate industry, they fall outside the primary function of the Commission. Legal advice is typically provided by attorneys, and while the Commission may approve educational programs, it does not directly create the courses. Property disputes are generally handled through the court system or alternative dispute resolution processes, rather than by the Commission itself.