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If the broker dies or loses her license, the state\'s real estate licensing agen

ID: 395194 • Letter: I

Question

If the broker dies or loses her license, the state's real estate licensing agency may choose to appoint a ________ to close any transactions that are pending.

temporary broker

continuing agent

mortgage banker

trustee broker

The Tennessee Real Estate Commission might consider revoking Zach’s affiliate broker license if he did which of the following?

Employed an unlicensed assistant.

Accepted a commission from a broker other than his principal broker.

Attempted to represent a buyer in a transaction involving one of his listings.

Called an auction for another broker with his broker’s permission.

Explanation / Answer

1)temporary broker

Reason : as per law

2)Accepted a commission from a broker other than his principal broker.

Reason : allowed to accept commission only from the principal broker

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