Tennessee Real Estate Exam

Total Questions: 131 (Free preview: first 5 only)

Question 1 of 131

The Real Estate Commission does NOT have the power to

A. suspend or revoke real estate licenses
B. subpoena witnesses for its investigations
C. regulate commission rates Correct
D. review broker's escrow or trustee accounts

Rationale: The Real Estate Commission's authority does not extend to regulating commission rates, as these are typically determined by market forces and individual agreements between parties.

Option A is incorrect because the Commission does have the power to suspend or revoke real estate licenses to ensure compliance with regulations.

Option B is also incorrect; the Commission can subpoena witnesses to gather necessary information during investigations.

Option D is wrong as well; the Commission has the authority to review brokers' escrow or trustee accounts to ensure proper handling of client funds.

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