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According to the Tennessee Code Annotated, the best definition of an scquisition agent is which buyer representative who helps a buyer acquire a property. A time share presentation solicitor of the following? A A mortgage broker employed for the purpose of acquiring loans on behalf of the lender A licensed broker who acquires companies for a parent company The Tennessee Real Estate Commission is specifically authorized to & enact rules to facilitate the administration of license law. A appoint Real Estate Commissioners to its Board. rule of the legality of legislative measures affecting licensees. d establish commission levels for commercial and industrial properties. 113 By definition, a material fact is one which A the Commission declares is significant. b carries the legal import of law. 2 d. affects a person's decision to enter into a real property transaction. e relates to the condition of the seller's property. 11.4 Which of the following best characterizes subagency? A client relationship between the listing licensee and another licensee where the latter effectively represents the listed party b. A client relationship between a broker and all consenting licensees in the MLS A customer relationship between a buyer and a licensee that does not rise to the level of an agency relationship 4. A co-brokerage relationship where commissions are split between participating brokerages 11.5 The primary purposes of the Tennessee Real Estate Commission are to a investigate and prosecute license law violators. b. legislate standards of professionalism for practitioners. c. license and regulate practitioners in order to protect the public. d. promulgate codes of conduct in order to eliminate incompetency. 11.6 A license may be revoked or suspended for any of the following acts EXCEPT a. failing to exercise adequate supervision over unlicensed assistants. b. depositing operating funds into a trust account. c. paying a non-licensee for a listing referral. d. requiring that all listing agreements contain a specific termination date. 11.7 A licensee convicted of a license law violation will lose his/her license unless he or she a. appeals the conviction to the local appellate court immediately. b. provides the Commission with certified copies of the conviction. c. makes a written request for a hearing to the Commission within 60 days.. d. pay a fine of $2,000 into the Real Estate Education and Recovery Account within 60 days of the conviction