Question: Question 1 & Explain Answer Please When a licensee wishes to represent both parties in a real estate transaction the licensee MUST A - the

Question 1 & Explain Answer Please

When a licensee wishes to represent both parties in a real estate transaction the licensee MUST

A - the written, informed consent of each party. B - written authorization from the principal broker. C - a hold harmless statement from each party. D - the verbal consent of each party.

Question 2

Which of the following items must be included in an application for a Tennessee affiliate broker's active license?

A - a credit report issued within the last 60 days B - a fingerprint card issued by the local law enforcement agency C - certificate of completion of 60 classroom hours in real estate at a school approved by the Commission D - a sworn statement from the broker with whom the applicant intends to affiliate, accepting supervisory responsibility

Question 3

Which of the following statements BEST describes dual representation?

A - A seller's authorizing both the principal broker and the affiliate broker lo act in the seller's interest. B - A broker's acting as both the principal and the agent in a transaction. C - A brokerage firm's hiring another firm to assist in marketing a property. D - A broker's representing both parties to a transaction.

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