Tennessee Realtor State Practice Exam

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Prepare for the Tennessee Realtor State Exam with questions and explanations designed to help you succeed. Master the principles and regulations of real estate in Tennessee. Ace your exam with confidence!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

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What is TREC's primary function regarding real estate practices in Tennessee?

Issuing licensing fees
Setting ethical standards
Overseeing licensing and regulation
Conducting market research

The correct answer is: Overseeing licensing and regulation

The primary function of the Tennessee Real Estate Commission (TREC) is overseeing licensing and regulation. This includes managing the licensing process for real estate professionals, ensuring that individuals meet the necessary qualifications to practice in the state, and enforcing compliance with state real estate laws. TREC also has the authority to investigate complaints against licensees and can impose disciplinary actions when necessary. While issuing licensing fees may be a part of the process, it does not represent the core function of TREC. Setting ethical standards is important, but it falls under the broader umbrella of regulation. Conducting market research is not a primary responsibility of TREC; rather, it is focused on the governance and oversight of the real estate profession to protect consumers and maintain integrity within the industry. Thus, overseeing licensing and regulation accurately captures TREC's fundamental role in maintaining professionalism and legal compliance in Tennessee's real estate practices.