Tennessee License Law
When a Tennessee principal broker retires or dies, affiliate brokers in the firm:
AMay continue practicing for 30 days under TREC supervision
BMust immediately cease all licensed activity until they affiliate with a new principal broker✓ Correct
CAutomatically become principal brokers
DAre granted inactive status for 6 months
Explanation
Affiliate brokers must be affiliated with an active principal broker at all times. If the principal broker retires, dies, or surrenders their license, affiliated licensees must immediately cease licensed activity until they find a new principal broker.
Related Tennessee Tennessee License Law Questions
- A Tennessee affiliate broker who willfully violates the license law may face criminal charges for a:
- A Tennessee affiliate broker's license is initially issued for what period?
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- When must a Tennessee licensee present the agency disclosure form if a potential buyer calls about a listed property?
- In Tennessee, a real estate licensee convicted of a felony involving fraud or dishonesty may have their license:
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