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The Tennessee Association of REALTORS provides:

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Question & Answer

Review the question and all answer choices

A

No standard forms

A is incorrect because the Tennessee Association of REALTORS does provide standard forms; in fact, their primary function includes developing standardized contracts that are widely used in residential real estate transactions throughout the state.

B

Standard contract forms for residential transactions

Correct Answer
C

Only commercial forms

C is incorrect because while the Tennessee Association of REALTORS may have some commercial forms, their primary focus and most widely recognized contribution is providing standard forms for residential transactions, not exclusively commercial forms.

D

Government-mandated forms

D is incorrect because real estate forms are not government-mandated in Tennessee; they are developed and provided by professional associations like the Tennessee Association of REALTORS, not by government agencies.

Why is this correct?

The correct answer is B because the Tennessee Association of REALTORS is a professional trade association that develops and provides standard contract forms specifically designed for residential real estate transactions in Tennessee.

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