Tennessee License Law
Commingling, as defined under Tennessee license law, means:
AMixing client funds with the licensee's personal or brokerage operating funds✓ Correct
BRepresenting both buyer and seller without disclosure
CAdvertising properties in a misleading manner
DAccepting undisclosed compensation from both parties
Explanation
Commingling is the prohibited practice of mixing client trust funds (such as earnest money deposits) with the licensee's personal funds or brokerage operating accounts. All client funds must be kept in a separate escrow trust account.
Related Tennessee Tennessee License Law Questions
- Tennessee license law requires that a real estate brokerage agreement (listing or buyer representation) must:
- A Tennessee affiliate broker who wants to become a principal broker must complete how many additional hours of education?
- Under Tennessee law, a brokerage may advertise its listings online without the seller's written permission ONLY if:
- A Tennessee licensee who wants to sell real estate through their own LLC must:
- Under Tennessee license law, 'earnest money' must be deposited in a trust account that is:
- Under Tennessee law, the phrase 'for another' in the definition of real estate activities means:
- Under Tennessee license law, a licensee who refers a client to another service provider (attorney, mortgage broker, inspector) and receives a fee must:
- A Tennessee real estate license can be issued in which of the following forms?
Practice More Tennessee Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Tennessee Quiz →