Tennessee Real Estate License Exam Practice Question
The Real Estate Commission does NOT have the power to
Correct Answer: C
Rationale: The Real Estate Commission is responsible for overseeing real estate practices, including licensing and compliance. While it can suspend or revoke licenses (A), and subpoena witnesses for investigations (B), it does not have the authority to regulate commission rates (C). Commission rates are typically determined by market forces and negotiated between parties. Additionally, the Commission can review brokers' escrow or trustee accounts (D) to ensure compliance with regulations. Thus, option C is the only one that accurately reflects a limitation of the Commission's powers.
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