Marcus has held an active Affiliate Broker license in Tennessee for three years and has completed the required pre-license education hours. He now wants to upgrade his license to a Broker license so he can eventually open his own firm. Under Tennessee law, which of the following correctly describes the minimum pre-license education requirement Marcus must have completed to be eligible for a Broker license?
Correct Answer
A) 90 hours of pre-license education as an Affiliate Broker
Under Tenn. Code Ann. § 62-13-101 et seq., an Affiliate Broker must complete at least 90 hours of pre-license education and hold an active Affiliate Broker license for a minimum of three years before being eligible to upgrade to a Broker license. Marcus meets both the time and education requirements.
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Related Topics & Key Terms
Key Terms:
Related Concepts
FREC has the authority to impose fines and other disciplinary actions on licensees who violate real estate laws and rules.
A group boycott is an illegal antitrust practice in which two or more competing real estate businesses agree to refuse to work with a specific person, company, or entity in order to harm that party's ability to compete.
In real estate, the distinction between an independent contractor and an employee determines tax treatment, liability, and the level of control a broker may exercise over the agent's daily activities. Most real estate agents operate as independent contractors.
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