Tennessee Real Estate Exam Practice Question
A broker presents an offer that is accepted by the seller. At that point the broker
Correct Answer: B
Rationale: When a broker presents an accepted offer, they do not earn a commission until the sale closes, making option B accurate.
Option A is incorrect because commission is typically contingent upon the successful closing of the sale, not just the acceptance of the offer.
Option C is misleading; while meeting contingencies is important, it still does not guarantee commission until the closing occurs.
Option D is also incorrect, as the broker would not receive a commission if the contract is rescinded, but this does not address the timing of commission earning in relation to the sale closing.
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