TENNESSEE REAL ESTATE COMMISSION - PSI Online

[Pages:22]PSI Services LLC

3210 E Tropicana Las Vegas, NV 89121 Phone: (855) 340-3710

Fax: (702) 932-2666 E-mail: examschedule@



TENNESSEE REAL ESTATE COMMISSION

TENNESSEE REAL ESTATE CANDIDATE INFORMATION BULLETIN

CONTENT OUTLINE

Examinations by PSI Examination Services.................... 1 Examination Eligibility and Approval Process ................ 1 Examination Payment and Scheduling ......................... 3

Fees .......................................................... 3 On-line, via the Internet Scheduling....................... 4 On-line Testing at a PSI test site .......................... 6 Testing remotely .............................................. 7 Telephone Scheduling ........................................ 8 Re-taking a Failed Examination .......................... 8 Canceling and Rescheduling an Examination............. 8 Missed Appointment or Late Cancellation ................ 8 Examination Accommodations.............................. 8 Examination Site Closing for an Emergency ............. 8 Social Security Number Confidentiality ................... 8 Examination Site Locations ...................................... 8 Reporting to the Examination Site ............................. 9

Required Identification at the Examination Site..9 Security Procedures....................................9 Taking the Examination by Computer........................ 10 Identification Screen ................................ 10 Tutorial ................................................ 10 Examination Review ................................. 10 Taking the Examination Remotely ............................ 11 Score Reporting .................................................. 12 Tips for Preparing for Your License Examination........... 12 Examination Study Materials................................... 13 Description of Examinations ................................... 13 Sample Questions ................................................ 17 Broker Examination Application............................... 19 Nonresident Applicant Consent to Suits ..................... 20 Examination Accommodations Request .......End of Bulletin

Please refer to our website to check for the most updated information at

Copyright ? 2021 by PSI Services LLC

Updated 3/1/2021

EXAMINATIONS BY PSI EXAMINATION SERVICES

This Candidate Information Bulletin provides you with information about the examination and application process for a real estate license in the State of Tennessee.

Tennessee state laws stipulate that a person may not act as a real estate broker, affiliate broker, timeshare salesperson, or acquisition agent without first obtaining a license issued by the Tennessee Real Estate Commission (TREC). To be licensed, you must pass an examination to confirm that you have attained at least a minimum level of knowledge regarding the principles, practices, statutes, and regulations relating to real estate.

TREC contracted with PSI Examination Services (PSI) to conduct the examination program. PSI provides examinations through a network of computer examination centers in Tennessee. PSI works closely with TREC to be certain that examinations meet local as well as national requirements in basic principles and examination development standards.

The following are the Tennessee real estate

examinations offered by PSI Examination Services: Broker Affiliate Broker Timeshare Salesperson Acquisition Agent

licensing

CONTACT INFORMATION

All questions and requests for information pertaining to the EXAMINATION should be directed to PSI.

PSI Examination Services 3210 E Tropicana

Las Vegas, NV 89121 (855) 340-3710 Fax (702) 932-2666



All questions and requests for information pertaining to LICENSURE should be directed to TREC.

Tennessee Real Estate Commission (TREC) 500 James Robertson Parkway Nashville, TN 37243-1151

(615) 741-2273 or (800) 342-4031

Email: @

EXAMINATION ELIGIBILITY AND APPROVAL PROCESS

The Tennessee Real Estate Broker License Act of 1973 & Rules of the Commission, along with the Tennessee Timeshare Act of 1987 govern whether or not a candidate will be issued a license. Successful completion of the examination does not guarantee the issuance of any license.

On the examination day candidates must answer a series of qualifying questions, listed below. A "yes" answer to questions 1 through 5 may decrease a candidate's ability to become licensed in Tennessee.

After candidates have completed the pre-licensing requirements, TREC will review the information provided and make a decision based on the applicant's qualifications.

QUALIFYING QUESTIONS

1. Have you ever held a license for any profession?

2. Have you held a Real Estate license in TN?

3. Are you at least 18 years of age?

4. Have you ever pled guilty, pled nolo contendere, or been convicted of any criminal offense?

5. If you answered yes to question 4, are you at least two years past the end of your

PER RULE 1260-01-.01(4) NO PERSON SHALL BE ELIGIBLE FOR EXAMINATION OR BE CONSIDERED FOR LICENSURE UNLESS TWO (2) YEARS HAVE PASSED FROM THE DATE OF EXPIRATION FO PROBATION, PAROLE OR CONVICTION, OR FROM THE DATE OF RELEASE FROM INCARCERATION, WHICHEVER IS LATER IN TIME. THIS RESTRICTION SHALL APPLY TO ALL FELONIES, AND MISDEMEANORS WHICH INVOLVE THE THEFT OF MONEY, SERVICES, OR PROPERTY.

6. Have you ever had any disciplinary sanctions imposed by any local, state, or federal occupational licensing body?

The documentation described in each case above will be required by TREC at the time a candidate passes the examination and wishes to apply for a license. The information should NOT be sent to PSI, nor should it be brought to the examination center.

AFFILIATE BROKER CANDIDATES

Your education provider will provide your eligibility electronically to PSI.

Individuals seeking an affiliate broker license must complete a total of 90 hours of real estate education. Sixty (60) of those hours must cover the topic of real estate principles/fundamentals and must be completed in order to qualify to take the licensing exam with PSI. The remaining 30hour "Course for New Affiliates" must be completed before a license will be issued. (T.C.A. ? 62-13.303(b)(2); Rule 1260-05.03)

Upon passing ALL portions of the examination, you must apply for your license at within six (6) months of passing the examinations.

BROKER CANDIDATES

Broker candidates must submit the completed Broker Examination Application (found in the back of this bulletin) to TREC at the address listed on page 2. Approval is necessary before the broker candidate may make an examination appointment.

To be eligible for the examination, broker candidates must meet one of following criteria:

If licensed as an affiliate broker ON OR BEFORE May 12, 1988:

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- Engaged as a real estate licensee for at least twentyfour (24) months, or

- Holds a baccalaureate degree with a major in real estate for at least twelve (12) months.

If licensed as an affiliate broker AFTER May 12, 1988: - Held active real estate license for at least thirty-six (36) months, or - Holds a baccalaureate degree with a major in real estate, for at least twenty-four (24) months.

In addition to experience, broker candidates must have successfully completed one hundred twenty (120) classroom hours of approved real estate education, thirty (30) hours of which must be an "Office/Broker Management" approved by TREC.

After completing a review of education and experience documentation, TREC will inform candidates of eligibility for examination. The approval process takes approximately four (4) weeks to complete. Candidates may make an examination reservation after they have been approved.

BROKER POST-LICENSING EDUCATION REQUIREMENT

Brokers MUST complete an additional one hundred-twenty (120) hours of Commission approved education within three (3) years from the date of issuance of an original broker's license, as a requisite for reissuance of the broker's license.

Brokers licensed after January 1, 2005 must complete sixteen (16) hours of continuing education requirements each renewal cycle after completing the 120-hour post license requirement (T.C.A. ? 62-13-303(h)).

REAL ESTATE CANDIDATES CURRENTLY LICENSED IN ANOTHER JURISDICTION SEEKING A TENNESSEE RESIDENT LICENSE

Candidates who are currently licensed in another jurisdiction and who wish to obtain a Tennessee license MUST meet the same educational criteria as residents of Tennessee. Nonresident candidates must be affiliated with a firm that is licensed to operate in Tennessee with a principal broker who is licensed in TN.

All candidates must send the following documentation to TREC before they make an examination reservation. Course completion certificates or transcripts documenting

required real estate education If you hold or have held a license in another state(s), you

must obtain a license certification from each state in which you are or were licensed. This application will not be processed until the certification(s) is received. Proof of passing a written examination administered by a national testing company (PSI, ACT, ETS, NAI, Promissor, AMP, all ARELLO certified examinations) if they are requesting a waiver of the general (national, uniform) section of the Tennessee examination. (The examination must be for the same level of licensure for which they are currently applying.) Completed Worksheet A.

Broker candidates must submit the following documents, in additional to those listed above: Broker Examination Application (found in the back of this

bulletin) Certificate or evidence of course completion of Office

Broker Management Education

Please submit ALL documents to TREC at @.

Upon review of this material, TREC will notify candidates of examination eligibility.

TIMESHARE & ACQUISITION AGENT CANDIDATES

Upon passing the examination, candidates should visit core. to apply for licensure. For more information and a list of required documents visit:

FINGERPRINT REQUIREMENT (T.C.A. ? 62-13-303(l))

TREC requires fingerprints for all initial applications. Note: It isn't a requirement for testing, but it is a requirement for applicants pursuing an initial real estate license.

Fingerprints are NOT required of affiliate brokers who test and upgrade to broker.

For instructions, please visit: icantInstructions_000.pdf

EXAMINATION PAYMENT AND SCHEDULING PROCEDURES

Your education provider will provide your eligibility electronically to PSI.

After your school has submitted your file to PSI, please log onto or call 1-855-340-3710 to pay and schedule for your examination. Note, if PSI does not have your record, please contact your education provider.

EXAMINATION FEE

Examination One Portion

$39

Examination Both Portions

$39

The fee is $39 for 1 or both examination portions. Examination retakes are $39 for 1 or both examination portions.

NOTE: REGISTRATION FEES ARE NOT REFUNDABLE OR TRANFERABLE. THE EXAM FEE IS VALID FOR 6 MONTHS.

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ON-LINE SCHEDULING

For the fastest and most convenient examination scheduling process, register for your examinations online by accessing PSI's registration Website: Click Here ().

1. Select "SIGN UP" to create an account.

2. On a mobile phone, you need to select the icon on the top left corner. Then select "SIGN UP" to create an account.

3. You will be prompted to create an account with PSI.

IMPORTANT

You must enter your First and Last name exactly as it is displayed on your government issued ID.

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4. After you submit the form, you will get a message that your account was created successfully. Click on "Login to Continue". Note: The username is the email address you entered when creating the account.

5. Select the Examination. 6. You will enter your personal information

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7. You will now enter payment.

8. You will now select if you want to test at a PSI test center or from a computer at a remote location.

DELIVERY MODE TEST CENTER

Enter the "City or Postal Code" and select "Preferred Month" to take the Exam. Then select "Search Exam Center".

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Click on the preferred test site.

Then click on the date and time to make an appointment to take the Exam.

You are now scheduled and will receive an email confirmation.

DELIVERY MODE REMOTE ONLINE PROCTORED EXAM

Before you select the date and time you will be taking the exam, YOU MUST FIRST CHECK THE COMPATIBILTY OF YOUR COMPUTER to include Audio/Video Check, Webcam Check and System Check. You must use Google Chrome Browser. Please note that if your computer performs any system update (i.e. software, server, firewall, webcam, etc.) from the time you schedule your exam to when you attempt to launch your exam, you may experience issues with your compatibility. It is best to conduct another compatibility check on the machine that you will be taking your exam at least 24 hours prior to your scheduled exam. You may also check your compatibility before or after registering for your exam by clicking here.

If you have any questions regarding your compatibility check, or if you experience issues launching your exam, you may contact our remote proctoring technical support team at (844) 267-1017. You may also initiate a chat after you close the Secure Browser Software by clicking here.

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TELEPHONE SCHEDULING

For telephone registration, you will need a valid VISA or MasterCard. Call (855) 340-3710 and speak to a PSI registrar Monday through Friday between 6:30 am and 9:00 pm, or Saturday-Sunday between 8:00 am and 4:30 pm, Central Time.

REREGISTERING FOR AN EXAMINATION

It is not possible to make a new examination appointment on the same day you have taken an examination; this is due to processing and reporting scores. A candidate who tests unsuccessfully on a Monday can call the next day, Tuesday, and retest as soon as Friday, depending upon space availability. You may access a registration form at . You may also call PSI at (855) 340-3710.

CANCELING AND RESCHEDULING AN EXAMINATION APPOINTMENT

You may cancel and reschedule an examination appointment without forfeiting your fee if your cancellation notice is received 2 days before the scheduled examination date. You may call PSI at (855) 340-3710 (a representative is available Monday through Friday between 6:30 am and 9:00 pm, or Saturday-Sunday between 8:00 am and 4:30 pm, Central Time).

Note: A voicemail or email message is NOT an acceptable form of cancellation. Please use the PSI Website or call PSI to speak directly to a Customer Service Representative.

MISSED APPOINTMENT OR LATE CANCELLATION

Your registration will be invalid, you will not be able to take the examination as scheduled, and you will forfeit your examination fee, if you:

Do not cancel your appointment 2 days before the scheduled examination date;

Do not appear for your examination appointment; Arrive after examination start time; Do not present proper identification when you arrive for

the examination.

EXAMINATION ACCOMMODATIONS

All PSI examination centers are equipped to provide access in accordance with the Americans with Disabilities Act (ADA) of 1990, and exam accommodations will be made in meeting a candidate's needs. A candidate with a disability or a candidate who would otherwise have difficulty taking the examination must follow the instructions on the Exam Accommodations Request Form at the end of this Candidate Information Bulletin.

EXAMINATION SITE CLOSING FOR AN EMERGENCY

In the event that severe weather or another emergency forces the closure of an examination site on a scheduled examination date, your examination will be rescheduled. PSI personnel will attempt to contact you in this situation. However, you may check the status of your examination schedule by calling (855)

340-3710. Every effort will be made to reschedule your examination at a convenient time as soon as possible.

SOCIAL SECURITY NUMBER CONFIDENTIALITY

PSI will use your social security number only as an identification number in maintaining your records and reporting your examination scores to the state. If you elect not to disclose your social security number to PSI, please enclose a separate letter explaining this with your Examination Registration Form.

EXAMINATION SITE LOCATIONS

The examinations are administered at the examination centers listed below:

Chattanooga 6918 Shallowford Rd, Suite 314

Chattanooga, TN 37421 Take I-24 thru Chattanooga. Merge onto I-75 N (toward Knoxville). Take Exit #5 - Shallowford Rd. Turn Left onto Shallowford. The office is on the left.

Dyersburg Dyersburg State Community College 1510 Lake Road, Room 126 Student Center

Dyersburg, TN 38024 From Memphis: North on Hwy 51 to Dyersburg, continue on Hwy 51 Bypass thru town to 6th traffic light, immediately past Lowes. Next light is Hwy 51 Bypass and Lake Road 78 Hwy intersection with CVS, Shell to your left. Right on Lake Road and go 2 blocks. Look for Okeena Park or blue sign marked Dyersburg State Comm College Security Bank Comm Learning Center - SBCLC. Left on Country Club Rd which runs alongside Okeena Park. Past the park there is a residential area on left. On right the first building on the hill is the SBCLC. It is next to the Moose Lodge.

Jackson 368 North Parkway, #3

Jackson, TN 38305 From I-40, Exit 80A onto South 45 Bypass. Third Signal light is North Parkway. Go left onto North Parkway and then go right into the first driveway on your right. From the South, take Bypass 45 North to North Parkway and go right onto North Parkway and right into first driveway on the right. North Parkway is also known as Business Route 412. Coming from the east on 412, turn left into last driveway on the left. Coming from the West on North Parkway, turn right into the first driveway on the right, after crossing the 45 Bypass. PSI is directly across the street (North Parkway) from the China Palace Buffet.

Johnson City 904 Sunset Drive, Ste 7A Johnson City, TN 37604 Take I-26 to Exit 19 (Old number 36). Go South on Highway 381 (North State of Franklin Road) approximately 2.2 miles. At the 4th light turn left (this is Sunset Drive), go approximately .7 tenths of a mile. There is a large building

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