Tennessee Real Estate License Exam Practice Question
A claimant is entitled to file a claim against the real estate education and recovery account based upon an unpaid judgment arising from any of the following unlawful acts of a licensee EXCEPT
Correct Answer: C
Rationale: A claimant can file a claim against the real estate education and recovery account for unpaid judgments resulting from a licensee's unlawful acts such as fraud (A), misrepresentation (B), and embezzlement of escrow funds (D), all of which are clearly defined violations of real estate law. However, "error" (C) does not constitute an unlawful act; it refers to a mistake that may occur in the course of business but does not imply intentional wrongdoing or misconduct. Therefore, claims based on errors lack the necessary legal basis for recovery from the account.
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