§ 62-13-101. Title

This chapter shall be known and may be cited as the “Tennessee Real Estate Broker License Act of 1973.”

§ 62-13-102. Chapter Definitions

As used in this chapter, unless the context otherwise requires: “Acquisition agent” means a person who by means of personal inducement, solicitation, or otherwise attempts directly to encourage any person to attend a sales presentation for a time-share program; provided, however, that “acquisition agent” shall not include any person or that person’s employee who engages […]

§ 62-13-103. Broker or Affiliate Identified by Single Act

Any person who, directly or indirectly for another, with the intention or upon the promise of receiving any valuable consideration, offers, attempts or agrees to perform or performs any single act defined in § 62-13-102, whether as a part of a transaction or as an entire transaction, is deemed a broker, affiliate broker or time-share […]

§ 62-13-104. Exemptions — Firm Licenses for Vacation Lodging Services

This chapter does not apply to: An owner of real estate with respect to property owned or leased by such person; An attorney-in-fact under a duly executed and recorded power of attorney from the owner or lessor; The services rendered by an attorney at law in the performance of duties as an attorney at law; […]

§ 62-13-105. Action by Broker to Collect Compensation

No action or suit shall be instituted, nor recovery be had by any person, in any court of this state for compensation for any act done or service rendered, the doing or rendering of which is prohibited under this chapter to other than by licensed brokers, affiliate brokers or time-share salespersons, unless the person was […]

§ 62-13-106. Courses of Study

The real estate commission is authorized and empowered to promulgate rules and regulations relative to the establishment and conducting of any course, courses of study or instruction that are designed to satisfy the educational requirements of § 62-13-303. The commission shall establish application fees for educational courses submitted for approval, which fees shall be deposited […]

§ 62-13-107. Clinics and Institutes

The real estate commission is authorized to conduct, hold or assist in conducting or holding real estate clinics, meetings, courses or institutes and to incur the necessary expenses in connection with the clinics, meetings, courses or institutes, which shall be open to all licensees.

§ 62-13-108. Study and Research Programs

The real estate commission is authorized to assist educational institutions within this state in sponsoring studies, research and programs for the purpose of raising the standards of professional practice in real estate and the competence of licensees in the public interest.

§ 62-13-109. Injunctions Authorized for Enforcement

In addition to the powers and duties otherwise conferred upon the commission in this chapter, the commission is empowered to petition any circuit or chancery court having jurisdiction of any person in this state who is violating this chapter, either with or without a license under this chapter, to enjoin the person from continuing the […]

§ 62-13-110. Penalties

Any person acting as a broker, affiliate broker, time-share salesperson or acquisition agent without first obtaining a license commits a Class B misdemeanor. A corporation that violates subdivision (a)(1) is ineligible to obtain a license for a period of one (1) year from the date of conviction of the offense. Any person acting as a […]

§ 62-13-111. Hearing and Judicial Review

The Uniform Administrative Procedures Act, compiled in title 4, chapter 5, governs all matters and procedures respecting the hearing and judicial review of any contested case arising under this chapter.

§ 62-13-112. Errors and Omissions Insurance — Suspension or Revocation

Each licensee who is licensed under this chapter shall, as a condition to licensing, carry errors and omissions insurance to cover all activities contemplated under this chapter. The requirements of this section shall not apply to acquisition agents. It is not mandatory that a person who has been issued a firm license obtain errors and […]