Tennessee affiliate broker Maria is working with seller clients and buyer clients at the same brokerage. Her Broker-in-Charge reminds her that Tennessee uses a specific term for entry-level licensees rather than the term used in most other states. Which of the following correctly identifies Tennessee's unique terminology compared to most other states?
Correct Answer
B) Tennessee uses 'Affiliate Broker' instead of 'Salesperson'
Under Tenn. Code Ann. § 62-13-101 et seq., Tennessee uses the term 'Affiliate Broker' for entry-level licensees rather than 'Salesperson,' which is the term used in most other states. This is a deliberate distinction in Tennessee's three-tier licensing system (Affiliate Broker, Broker, Broker-in-Charge) and is a heavily tested concept on the Tennessee state exam.
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Related Topics & Key Terms
Key Terms:
Related Concepts
The fiduciary obligation to protect a client's private information and not disclose it to third parties without permission, surviving even after the agency relationship ends.
In real estate, a client is someone to whom the agent owes fiduciary duties through an agency relationship, while a customer is a third party to whom the agent owes only honesty and fair dealing.
An arrangement where a brokerage assigns separate agents within the firm to represent the buyer and seller in the same transaction, allowing each client to have dedicated representation.
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