Agency
In Tennessee, a licensee who receives a gift from a vendor in connection with a real estate transaction must:
AKeep all gifts under $100 without disclosure
BDisclose the gift to their client and obtain consent if there is a conflict of interest✓ Correct
CReturn all gifts immediately
DReport gifts to TREC quarterly
Explanation
Receiving gifts from vendors while representing a client creates a potential conflict of interest. Tennessee licensees must disclose such gifts to their client and cannot allow them to compromise their fiduciary duties.
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