Tennessee License Law
Under TREC rules, a Tennessee real estate brokerage must maintain its trust account records for at least:
A1 year
B2 years
C3 years✓ Correct
D5 years
Explanation
Tennessee requires brokerage records, including trust account records, to be maintained for at least 3 years. This allows TREC to audit and investigate complaints going back to recent transactions.
People Also Study
Related Tennessee Questions
- A Tennessee residential property manager who fails to maintain a trust account separate from operating funds is violating:Property Management
- A Tennessee principal broker is audited by TREC and a shortage is found in the trust account. This most likely indicates:Tennessee License Law
- In Tennessee, a title search typically examines the public records back how many years to establish a marketable chain of title?Escrow & Title
- In Tennessee, a 'management trust account' maintained by a property manager must:Property Management
- In Tennessee, a real estate brokerage that fails to properly maintain trust accounts may face:Tennessee License Law
- Tennessee license law requires that a real estate brokerage agreement (listing or buyer representation) must:Tennessee License Law
- A Tennessee affiliate broker who wants to upgrade to a principal broker license must have at least how many years of experience as an affiliate broker?Tennessee License Law
- Adverse possession in Tennessee requires possession that is open, notorious, exclusive, hostile, and continuous for at least:Property Ownership
State-Specific Concepts
Trust Account RulesTREC Regulation
Practice More Tennessee Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Tennessee Quiz →