Tennessee License Law
In Tennessee, a real estate auction company that assists buyers and sellers of real estate must:
AOnly hold an auctioneer's license
BHave at least one licensed real estate principal broker if conducting real estate auctions for compensation✓ Correct
CBe registered with TREC as a separate entity
DOnly use licensed appraisers to set opening bids
Explanation
When real estate is sold at auction for compensation, Tennessee typically requires involvement of licensed real estate professionals. Auction companies regularly working with real estate must comply with Tennessee real estate licensing requirements.
Related Tennessee Tennessee License Law Questions
- Tennessee's 90-hour pre-license course for affiliate brokers must include which of the following components?
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- The Tennessee Real Estate Commission meets a minimum of how many times per year?
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