A licensed affiliate broker wants to include her home phone number on a sign that she placed on one of her listed properties. The sign must also include her broker's
business telephone number.
beeper number.
home phone number.
business address.
Which of the following is a true statement about an affiliate broker who violates the Tennessee Real Estate License Law?
The agent could be charged with a Class B felony.
The agent may not be subject to criminal prosecution under the general laws of the state.
The agent may not incur civil liability under the general laws of the state.
The agent could have his license revoked for violation of the law. Violation of TREC rules is a Class B Misdemeanor.
When an affiliate broker terminates his/her association with a broker, which of the following statements is true?
The agent has six months to place his license with another broker or put his/her license on inactive status with the TREC.
The agent may have friends' listings transferred to his/her new broker.
The broker may not engage in any real estate transactions under another firm until the necessary forms and fees have been sent to the Commission.
The broker must retain the agent's license until a new broker asks for it.