Tennessee License Law
Under Tennessee license law, a broker may NOT pay a commission to an unlicensed person. This rule exists to:
AEnsure only licensed brokers earn commissions
BProtect the public by ensuring that real estate activities are performed by qualified, regulated professionals✓ Correct
CIncrease commission income for licensed brokers
DReduce competition in the real estate market
Explanation
The licensing requirement and the prohibition on paying commissions to unlicensed persons serve to protect the public by ensuring that persons who perform real estate services are qualified, trained, and subject to professional regulation.
Related Tennessee Tennessee License Law Questions
- In Tennessee, a real estate licensee who fails to complete continuing education by the renewal deadline will have their license:
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- In Tennessee, the Tennessee Real Estate Commission (TREC) is attached to which state department?
- A Tennessee affiliate broker who willfully violates the license law may face criminal charges for a:
- In Tennessee, TREC's authority to discipline licensees is triggered when a complaint is filed by:
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- A Tennessee principal broker who fails to supervise affiliate brokers properly may be subject to:
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