Under the Tennessee Real Estate Broker License Act, which of the following activities does NOT require a person to hold a Tennessee real estate license?
Correct Answer
C) An executor of an estate who sells the deceased's real property pursuant to a court order
Under Tenn. Code Ann. § 62-13-104, certain individuals are exempt from the real estate license requirement, including executors, administrators, and other fiduciaries acting pursuant to a court order or legal authority. An executor selling estate property under a court order is performing a legal fiduciary duty, not engaging in brokerage activity, and therefore does not need a Tennessee real estate license.
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Related Topics & Key Terms
Key Terms:
Related Concepts
Commingling is the illegal act of mixing client trust funds with a broker's personal or business operating funds; conversion is the misappropriation of those funds.
Continuing education (CE) refers to the ongoing coursework that licensed real estate professionals must complete during each renewal cycle to maintain an active license. CE ensures agents stay current with changes in laws, regulations, and industry practices.
The National Do Not Call Registry is a federal program administered by the FTC that allows consumers to opt out of receiving unsolicited telemarketing calls, including calls from real estate agents soliciting business.
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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In Wyoming real estate practice, a salesperson applicant age is reviewed. What should the licensee remember?
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