Tennessee License Law
In Tennessee, which of the following is exempt from real estate licensing requirements?
AA property manager who leases apartments for a fee
BA salaried employee of an owner who manages the owner's own properties✓ Correct
CA broker who lists commercial properties
DA buyer's agent who earns a commission
Explanation
Salaried employees of property owners who manage the owner's own properties are exempt from Tennessee's real estate licensing requirements. They are not performing real estate brokerage services for others.
Related Tennessee Tennessee License Law Questions
- The Tennessee Real Estate Broker License Act of 1973 established:
- TREC's authority extends to all of the following EXCEPT:
- TREC has the authority to impose a civil penalty per violation up to:
- A Tennessee affiliate broker who has been licensed for 2.5 years and meets all other requirements may apply for a principal broker license after completing:
- How many hours of continuing education are required for Tennessee affiliate broker license renewal?
- Which agency regulates real estate licenses in Tennessee?
- How long must a Tennessee principal broker retain transaction records?
- The Tennessee REALTORS® (formerly the Tennessee Association of REALTORS®) differs from TREC in that:
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