Agency
In Tennessee, a broker who lists a property at an unrealistically high price at the seller's insistence should:
AAlways agree to list at any price the seller requests
BCounsel the seller on realistic market pricing while respecting the seller's ultimate decision✓ Correct
CRefuse to list the property
DDisclose to buyers that the price is overinflated
Explanation
While the seller has the right to set the listing price, the listing broker has a duty to provide honest counsel about market conditions. The broker should advise on pricing honestly but ultimately respect the seller's decision.
Related Tennessee Agency Questions
- An agency relationship is generally terminated by all of the following EXCEPT:
- A buyer's agent who learns that the seller has received no other offers has a duty to:
- In Tennessee, a buyer's agency agreement typically provides that the buyer's agent receives compensation:
- When an agent learns information during an agency relationship that the principal did not want disclosed, the duty of confidentiality:
- A Tennessee licensee who is offered cash 'under the table' from the seller to steer a buyer away from other listings should:
- In Tennessee, a broker who has been 'ratified' as an agent means the principal has:
- The Tennessee Real Estate Commission's regulations on advertising require that a licensee who uses social media for real estate advertising must:
- Under Tennessee law, when a buyer and seller in a transaction are both represented by different licensees from the same brokerage, and the principal broker does NOT intervene, this situation is most accurately described as:
Practice More Tennessee Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Tennessee Quiz →