Tennessee License Law
The Tennessee Real Estate Education and Recovery Account is funded primarily by:
AFederal HUD grants
BA portion of each license fee collected✓ Correct
CFines collected from licensee disciplinary actions only
DVoluntary contributions from TREC members
Explanation
The Tennessee Real Estate Education and Recovery Account is funded by a portion of each license fee. It compensates consumers who suffer financial harm due to a licensee's fraudulent or dishonest conduct.
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