Tennessee Real Estate Exam Practice Question
Which of the following persons is required to hold an active Tennessee real estate license?
Correct Answer: A
Rationale: In Tennessee, individuals engaged in real estate activities for compensation must hold an active real estate license. Option A is correct, as a person selling lots in a subdivision to contractors or builders is actively involved in real estate transactions and requires a license.
Option B, while involving leasing apartments, does not require a license if the property manager is directly employed by the landlord and does not engage in independent transactions.
Option C pertains to an executor selling property as part of estate duties, which is exempt from licensing requirements, as this role is not considered a real estate agent.
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