Tennessee Real Estate License Exam Practice Question
A licensee is a facilitator
Correct Answer: A
Rationale: A licensee acts as a facilitator until a bilateral agency agreement is established, which formalizes the relationship between the parties. This means that prior to the agreement, the licensee does not have fiduciary duties to either party.
Option B, being married to the seller, does not automatically confer agency status or obligations. Option C incorrectly suggests that a bilateral agency agreement is the starting point for facilitation, while in fact, facilitation occurs prior to this agreement. Option D is irrelevant, as affiliation with a national franchise does not determine agency status.
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