Tennessee Real Estate Exam Practice Question
A licensee is a facilitator
Correct Answer: C
Rationale: A licensee acts as a facilitator with a bilateral agency agreement, which formalizes the relationship between the licensee and the client, ensuring both parties understand their rights and responsibilities.
Option A is incorrect because a licensee cannot facilitate without a formal agreement in place. Option B is misleading; marital status has no bearing on agency relationships in real estate. Option D is also incorrect; affiliation with a national franchise does not inherently establish agency status, as agency is defined by agreements, not affiliations. Thus, only a bilateral agency agreement grants the necessary authority for facilitation.
Unlock All Questions
Subscribe to Premium for full access to all practice questions, detailed rationales, and performance tracking.
Subscribe Now