Tennessee License Law
Under Tennessee license law, a real estate auction firm must have:
AOnly an auctioneer's license
BA real estate principal broker license if they auction real property for others✓ Correct
COnly a business license from the city
DAn auctioneer's license is sufficient for all real estate auctions
Explanation
Auctioning real property for others is a licensed real estate activity in Tennessee. A firm auctioning real estate must have a real estate principal broker license in addition to any required auctioneer's license.
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