Tennessee License Law
When Tennessee licensees are involved in real estate transactions affecting property owned by a trust, they should ensure that:
AThe trust's beneficiary personally signs all documents
BThe trustee who holds legal title has the authority to convey and signs appropriate documents✓ Correct
CTREC reviews all trust-owned property sales
DA court order authorizes the sale
Explanation
When selling property held in a trust, the trustee (who holds legal title) must have the authority to convey under the trust agreement and must sign the deed and related documents. Licensees should verify trustee authority to avoid title problems.
Related Tennessee Tennessee License Law Questions
- In Tennessee, a real estate brokerage that fails to properly maintain trust accounts may face:
- A Tennessee principal broker who allows an unlicensed person to perform licensed activities in their firm is subject to:
- Which Tennessee statute governs the licensing of real estate brokers and affiliate brokers?
- A Tennessee real estate license applicant must be at least how old?
- Which of the following would be grounds for TREC to deny a license application?
- Tennessee requires that all real estate advertising by licensees must include:
- A Tennessee real estate licensee who operates a property management company under a trade name must:
- A Tennessee affiliate broker who willfully violates the license law may face criminal charges for a:
Practice More Tennessee Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Tennessee Quiz →