Tennessee Realtor State Practice Exam

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What does it mean to affiliate with a broker?

You will work independently
You will work as the agent of a broker
You will be a property manager
You will only receive referral fees

The correct answer is: You will work as the agent of a broker

Affiliating with a broker means that an individual will work as the agent of that broker. In real estate, agents must be licensed and affiliated with a licensed broker in order to legally practice and conduct transactions. This relationship allows the agent to operate under the broker's license, providing access to resources, training, and support that the broker offers. The broker typically oversees the agent's activities to ensure compliance with legal requirements and ethical standards. Working independently without affiliation, managing properties, or only receiving referral fees does not fully capture the essence of the agent-broker relationship. Agents need the backing of a broker to carry out a wide range of real estate activities, thus ensuring they are part of a professional network and adhere to applicable regulations while also offering essential services to clients.