10 exam-style questions with answers and explanations, straight from our 1,030-question bank. Tap an answer to check yourself. When you're ready, take the scored version in the free practice test.
These 10 free TNREB questions are organized by exam domain, so you can see how each part of the Tennessee Real Estate Broker Exam blueprint is tested. Reveal the answer and explanation under each question.
A bakery tenant installs stainless worktables and display cases that are bolted to the floor and wired for the business. The lease is silent, and the tenant plans to remove them before the lease expires, repairing the floor and wiring connections without substantial damage. Which characterization is most accurate?
Correct answer: B - They are trade fixtures the tenant may remove before lease expiration if removal avoids substantial damage
An appraiser is valuing a 12-unit property by direct capitalization. Potential gross rental income is $180,000; vacancy and collection loss is $9,000; laundry income is $3,000; operating expenses are $60,000; annual debt service is $42,000; and book depreciation is $15,000. At an 8% capitalization rate, what indicated value should be reported?
Correct answer: D - $1,425,000
On Monday, a consumer gives a mortgage lender the consumer's name, income, Social Security number for credit, property address, estimated property value, and requested loan amount. The lender still wants bank statements and a signed purchase contract. Under TRID, when must the Loan Estimate be delivered or mailed?
Correct answer: A - Within three business days after receiving those six items
Seller counters Buyer A's $480,000 offer by changing only the price to $490,000. Buyer A then writes, "I reject the counteroffer and accept my original $480,000 offer." No other communication has occurred. What is the legal effect of Buyer A's response?
Correct answer: C - Buyer A has made a new $480,000 offer that the seller may accept or reject
During a listing, the seller tells the agent two things: the seller would accept $25,000 less than the asking price, and a recent engineering report found active foundation movement. The seller instructs the agent to reveal neither fact. How should the agent proceed?
Correct answer: C - Keep the seller's acceptable price confidential, but disclose the known foundation defect to prospective buyers
After directing the tenant away from the area and arranging immediate electrical isolation, a property manager learns that a failed supply line is flooding above the electrical panel. The management agreement limits routine repairs to $1,000 but authorizes reasonable emergency work to protect people and property. Licensed contractors can contain the hazard for $2,800. What should the manager do next?
Correct answer: D - Authorize the emergency work, document the basis and cost, and promptly notify the owner
An apartment community has a no-pet rule and a $500 pet deposit. An applicant whose disability is not obvious requests an emotional-support animal and supplies reliable information establishing a disability-related need. There is no objective evidence that the animal poses a direct threat. Which response complies with federal fair-housing law?
Correct answer: B - Grant the accommodation without a pet fee or deposit, while retaining the right to charge for actual damage
A buyer files a verified complaint alleging that a Tennessee broker concealed a structural defect and asks TREC to revoke the broker's license and order the broker to pay $30,000 in repair costs. Which statement accurately describes TREC's authority?
Correct answer: D - TREC may investigate and impose authorized discipline if warranted, but private monetary relief must be pursued separately
Before posting an Instagram reel, a Tennessee team proposes this layout: "Volunteer Realty Group" dominates the screen; the licensed firm name is smaller; and the firm's telephone number is available only after two clicks. Which revision is necessary for compliance?
Correct answer: B - Use a team name that does not imply a separate brokerage, make the firm name at least as prominent, and place the firm name and phone no more than one click away
Buyer and seller both claim a disputed earnest-money deposit. The contract does not clearly authorize payment to either side, and no joint release is signed. The principal broker receives a written disbursement request. Absent a compelling reason, what must the broker do within 21 calendar days?
Correct answer: A - Interplead the funds or deliver them to an attorney for interpleader
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