Tennessee License Law
Under Tennessee license law, a licensee who knowingly makes a substantial misrepresentation may face:
AOnly a civil lawsuit by the aggrieved party
BTREC disciplinary action including license suspension or revocation✓ Correct
CA referral to local law enforcement only
DA fine of not more than $50
Explanation
TREC has authority to suspend, revoke, or impose civil penalties on any licensee who makes substantial misrepresentations. TREC disciplinary action is independent of any civil lawsuits or criminal charges the licensee may face.
Related Tennessee Tennessee License Law Questions
- The Tennessee Real Estate Commission meets a minimum of how many times per year?
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- Under the Tennessee Real Estate Broker License Act of 1973, TREC has the authority to issue all of the following EXCEPT:
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- A Tennessee real estate licensee who wishes to practice real estate in another state without obtaining a new license may use a:
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