Tennessee License Law
A Tennessee real estate licensee who misappropriates client funds may face, in addition to TREC disciplinary action:
AOnly a civil lawsuit by the client
BCriminal charges for theft, embezzlement, or conversion of client funds✓ Correct
COnly a TREC-imposed fine
DA warning letter from the Tennessee Attorney General
Explanation
Misappropriation of client funds (taking money belonging to clients for personal use) is theft or embezzlement under Tennessee criminal law, in addition to being a serious violation of license law. Criminal prosecution can result in imprisonment in addition to license revocation.
Related Tennessee Tennessee License Law Questions
- In Tennessee, a licensee who is found to have practiced fraud may have their license:
- Which of the following is NOT a ground for disciplinary action by the Tennessee Real Estate Commission?
- Under Tennessee license law, a licensee must notify TREC within how many days of a criminal conviction?
- What is the minimum passing score required on the Tennessee real estate licensing exam?
- In Tennessee, TREC's authority to discipline licensees is triggered when a complaint is filed by:
- A Tennessee real estate license can be issued in which of the following forms?
- The Tennessee REALTORS® (formerly the Tennessee Association of REALTORS®) differs from TREC in that:
- A Tennessee real estate licensee who operates a property management company under a trade name must:
Practice More Tennessee Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Tennessee Quiz →