Tennessee Real Estate License Exam Practice Question
A licensee notices a house in the multiple listing service that he or she would like to purchase. In order to make an offer on the property, he or she MUST
Correct Answer: D
Rationale: When a licensee intends to purchase a property listed in the multiple listing service, they are required to disclose their status as a real estate professional to the seller in writing. This ensures transparency and helps prevent conflicts of interest.
Option A is incorrect because there is no requirement to go through another licensee; a licensee can represent themselves in a purchase. Option B is misleading, as written permission from the principal broker is not necessary for personal transactions. Option C is also inaccurate; waiting for the seller to respond to other offers is not a prerequisite to making an offer.
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