Tennessee Realtor State Practice Exam

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What legal trouble may arise from Jerrold's misrepresentation?

Civil lawsuits
Criminal charges
Loss of license
Probationary sales

The correct answer is: Civil lawsuits

Misrepresentation in the context of real estate often leads to civil lawsuits. When Jerrold provides false information, intentionally or unintentionally, about a property or transaction, affected parties have the right to seek legal recourse. Civil lawsuits can result in financial compensation for damages incurred due to the misrepresentation. This can involve claims of fraud, negligence, or other wrongful acts that harmed the buyer or other parties involved in the transaction. The legal implications of Jerrold's misrepresentation are nearly always pursued in civil court rather than criminal court, as typical misrepresentation issues fall under civil law regarding contracts and property transactions. While other consequences, such as loss of license or the possibility of probation, could also arise from unethical behavior in the real estate profession, they are often less immediate than a civil lawsuit initiated by aggrieved parties.