Tennessee License Law
The Tennessee Real Estate Broker License Act of 1973 specifically protects the public by:
ASetting maximum commission rates for residential sales
BRequiring real estate professionals to demonstrate competency through education, examination, and continuing education✓ Correct
CGuaranteeing a 6% commission for all Tennessee brokers
DRequiring all Tennessee real estate transactions to be supervised by TREC staff
Explanation
The Tennessee Real Estate Broker License Act of 1973 protects the public by establishing minimum competency standards (education and examination) for licensees, ongoing CE requirements, ethical conduct rules, and TREC's authority to discipline violators.
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