Tennessee Real Estate Exam Practice Question
If a licensee wishes to purchase a listed property personally the licensee must
Correct Answer: D
Rationale: When a licensee intends to purchase a listed property personally, it is essential to maintain transparency. Disclosing to the seller in writing that they are a real estate licensee ensures ethical standards are upheld and that the seller is fully informed about the licensee's professional status.
Option A is incorrect as there is no requirement to go through another licensee for personal purchases. Option B, while obtaining permission from the principal broker is important in many transactions, it is not a specific requirement for personal purchases. Option C is also incorrect; the licensee can proceed with their offer regardless of pending offers, as long as they fulfill disclosure obligations.
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