Tennessee Realtor State Practice Exam

Disable ads (and more) with a membership for a one time $2.99 payment

Prepare for your Tennessee Realtor State Exam with interactive quizzes, flashcards, and detailed answers. Maximize your study time and enhance recall with our comprehensive preparation tools!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

After obtaining written acceptance of an offer, to whom must an affiliate broker in Tennessee deliver the purchase and sale contract?

Only the buyer
Only the seller
Both the buyer and seller
The local real estate board

The correct answer is: Both the buyer and seller

In Tennessee, after an affiliate broker obtains written acceptance of an offer, it is essential to deliver the purchase and sale contract to both the buyer and the seller. This practice ensures that both parties are fully informed of the terms of the agreement they have entered into before moving forward with the transaction. Providing both parties with a copy of the contract helps to maintain transparency and prevents misunderstandings regarding the agreements made. It also protects the interests of both the buyer and the seller by ensuring they each have documentation of the terms agreed upon, which can be critical if disputes arise later in the transaction process. This collaborative communication is a fundamental aspect of maintaining trust and professionalism in real estate dealings.