Kevin recently passed the Tennessee real estate exam and is trying to activate his Affiliate Broker license. His supervising Broker, Lisa, has submitted the required paperwork to TREC. However, Kevin begins showing properties to clients the very next day before receiving confirmation from TREC that his license is active. Which of the following best describes Kevin's situation?
Correct Answer
A) Kevin is in violation because he must receive TREC confirmation before performing licensed activities.
Under Tennessee law and TREC rules, a licensee may not perform real estate activities requiring a license until the license has been officially issued and confirmed as active by TREC. Submission of paperwork by the supervising Broker does not constitute an active license. Kevin must wait for TREC to issue and activate his license before showing properties or performing any other licensed activities.
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Related Topics & Key Terms
Key Terms:
Related Concepts
Market allocation is an illegal antitrust practice in which competing real estate brokerages agree to divide markets among themselves by geographic area, property type, or price range, thereby eliminating competition.
Price fixing is an illegal antitrust practice in which competing real estate brokerages agree to charge the same commission rates, fees, or other pricing for their services. It is a per se violation of the Sherman Antitrust Act.
Florida brokers are required to maintain transaction records and escrow records for a minimum of five years.
More Practice Of Real Estate Questions
In Wyoming real estate practice, an associate broker or salesperson is not associated with a responsible broker at renewal. What should the licensee remember?
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A Wyoming licensee is reviewing an out-of-state salesperson applicant prepares for testing. What is the best answer?
In Wyoming real estate practice, a salesperson applicant age is reviewed. What should the licensee remember?
A responsible broker in Wyoming asks about a nonresident applicant provides home-state evidence. Which answer follows Wyoming law?
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