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!

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When must written confirmation of agency status occur in Tennessee?

Prior to negotiation of terms
Prior to offer preparation
At the time of closing
Immediately after the contract is signed

The correct answer is: Prior to offer preparation

The requirement for written confirmation of agency status in Tennessee is that it must occur prior to offer preparation. This means that before any formal offers are drafted or negotiations take place, a clear and documented acknowledgment of the agency relationship must be established. This protects all parties involved by ensuring that they understand who is representing whom in the transaction, thereby promoting transparency and reducing the potential for misunderstandings. By having the written confirmation of agency status before the offer preparation, it fulfills the legal obligations and ethical standards established in real estate practice, ensuring that the interests of the clients are adequately represented. This process helps to solidify the responsibilities of the agent as well as the expectations of the client, eliminating ambiguity in the representation relationship right from the outset of the transaction.