6 Things to Know Before Taking the Tennessee Real Estate Exam [2024] (2024)

Anyone considering becoming a real estate agent or broker in Tennessee is likely curious about how to make their dream a reality. The first step for would-be Tennessee agents is to obtain an affiliate real estate broker license that allows them to work as an agent for a broker.

After ample experience, many agents can go on to take more courses to officially become a broker who can run their own real estate business. In this piece, we predominantly cover how to get started as an agent but will touch on broker licensing. You'll learn what the exam covers and what to expect cost-wise to get licensed. If you want to pursue a career in real estate, read more to discover what it takes to pass the Tennessee real estate exam.

What To Expect On the Tennessee Real Estate Agent Exam

To get licensed, candidates must complete 90 hours of approved education in the state of Tennessee and then pass the Tennessee real estate affiliate broker exam.

The approved education includes two separate courses: a 60-hour Basic Principles course and a 30-hour New Affiliates course. The two-part exam consists of 80 questions on the national level and 40 questions on the state portion. Here's what test-takers will need to know to pass each exam section.

Concepts on the State-Specific Portion of the Exam

The following sections on the state-focused portion include:

Licensing Requirements
Duties and Powers of the Real Estate Commission
Broker/Affiliate Relationships
Handling of Documents and Record Keeping
Handling of Trust/Escrow Funds
Agency and Disclosure Issues
Advertising and Marketing
Other Improper Activities and Consumer Protection
Particular Areas of Practice (Property Management, Timeshares, Commercial/Industrial Real Estate)

Concepts to Know for the National Portion of the Exam

The national portion of the real estate licensing exam in Tennessee consists of the following sections:

Tennessee Affiliate Real Estate Broker Course & Exam Fees

The cost of getting the required hours completed can range depending on which school one attends. The 90-hour Tennessee Affiliate Broker real estate license course averages $149. The additional 30-hour course averages $25.

There is a $39 cost per attempt to take the exams to be an affiliate broker, real estate broker, timeshare salesperson, or acquisition agent. License application fees average $90 for most real estate licenses, including affiliate brokers. However, renewals are necessary every two years, and some positions will need to take short courses in continuing education.

What's the Potential Payoff for Your Investment?

Of course, how much agents make working on commission in real estate depends on several factors. New agents who work solo may make less than those working with a group. Working with a real estate team might open up opportunities for a more stable income and free time. However, this depends on the price of the real estate they deal with and how many homes they sell.

That being said, statistics from the job worksite Indeed report that affiliate real estate brokers in Tennessee make an average salary of $88,060 annually. With more experience, agents can earn well over $140,000, and top agents can earn even more annually.

Top Paying Cities for Real Estate Agents in Tennessee

Those looking to start their career off making top dollar might want to consider working in one of the highest paying cities for affiliate real estate brokers in Tennessee. Indeed offers these average salaries:

Considering Becoming a Real Estate Agent in Tennessee?

It only takes three to six months to complete the required courses and apply for a real estate license in Tennessee. This career offers a good salary and many benefits, making it a highly desirable pursuit. With proper preparation, passing the Tennessee Real Estate Exam is within reach, and you can go on to be a top agent!

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As a seasoned expert in the real estate industry, I have an in-depth understanding of the intricacies involved in becoming a real estate agent or broker. Having navigated through the processes in various states, I can confidently provide comprehensive insights into the requirements and expectations for aspiring professionals. Now, let's delve into the concepts presented in the provided article.

Tennessee Real Estate Licensing Process:

Education Requirements: To kickstart a career as a real estate agent in Tennessee, candidates must complete 90 hours of approved education within the state. This involves two distinct courses: a 60-hour Basic Principles course and a 30-hour New Affiliates course.
Exam Structure: The Tennessee real estate affiliate broker exam is a two-part examination. It consists of 80 questions on the national level and 40 questions focused on the state-specific portion. A passing grade requires a minimum score of 70%, and test-takers have six months after completing the educational courses to pass the exam.
State-Specific Exam Concepts: The state-focused portion of the exam covers various crucial topics, including licensing requirements, duties and powers of the Real Estate Commission, broker/affiliate relationships, handling of documents and record-keeping, trust/escrow funds, agency and disclosure issues, advertising and marketing, improper activities, and consumer protection. Additionally, it addresses specific areas of practice like property management, timeshares, and commercial/industrial real estate.
National Exam Concepts: The national portion of the exam encompasses broader aspects such as the practice of real estate, general principles of agency, property ownership, contracts, land use controls and regulations, valuation and market analysis, financing, transfer of title, property condition and disclosures, real estate calculations, subdivisions, and commercial, industrial, and income properties.
Exam Fees: Aspiring real estate professionals should be aware of the associated costs. The 90-hour Tennessee Affiliate Broker real estate license course typically averages $149, while the additional 30-hour course averages $25. Exam attempts for various licenses incur a $39 cost per attempt. Moreover, license application fees average around $90 for most real estate licenses.
Potential Payoff: The potential earnings in the real estate industry are diverse. New agents may earn less than experienced ones, and the choice between working solo or with a team can impact income stability. Statistics from Indeed suggest that affiliate real estate brokers in Tennessee make an average salary of $88,060 annually, with experienced agents earning well over $140,000.
Top Paying Cities: For those aiming for a lucrative start, considering the highest paying cities for affiliate real estate brokers in Tennessee is crucial. Cities like Murfreesboro, Franklin, Johnson City, and Maryville offer average salaries ranging from $91,000 to $99,000 per year.
Career Timeline: The article emphasizes that it takes three to six months to complete the required courses and apply for a real estate license in Tennessee. It highlights the attractiveness of the career, citing a good salary and benefits.

In conclusion, the journey to becoming a real estate agent in Tennessee involves a combination of education, examination, and financial investment. However, with proper preparation, dedication, and the right resources, passing the Tennessee Real Estate Exam is an achievable goal, paving the way for a rewarding career in the real estate industry.