Under Tennessee law, what is the term used for an entry-level real estate licensee who must work under the supervision of a licensed broker?
Correct Answer
C) Affiliate broker
Under the Tennessee Real Estate Broker License Act of 1973, Tenn. Code Ann. § 62-13-101 et seq., Tennessee uses the term 'affiliate broker' for entry-level licensees. An affiliate broker must work under a licensed broker and cannot operate independently. This is a Tennessee-specific term; most other states use 'salesperson' for the equivalent license category.
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Related Topics & Key Terms
Key Terms:
Related Concepts
The extent of power and actions an agent is authorized to perform on behalf of the principal, as defined by the agency agreement.
The fiduciary obligations owed by a listing agent to the seller, including marketing the property, presenting all offers, and protecting the seller's confidential information.
A practice where the agent or brokerage represents only one party in a transaction — either the buyer or the seller, but never both.
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