Sandra holds a Broker license in Tennessee and wants to open her own real estate firm and supervise affiliate brokers. Under Tennessee law, what additional designation must Sandra obtain before she can legally supervise other licensees and operate a real estate office?
Correct Answer
A) Broker-in-Charge (BIC) designation from TREC
Under Tennessee license law (Tenn. Code Ann. § 62-13-101 et seq.), simply holding a Broker license is not sufficient to supervise affiliate brokers or operate a real estate firm. Sandra must obtain the Broker-in-Charge (BIC) designation from TREC. The BIC designation is required to supervise licensees and manage a real estate office — this is a Tennessee-specific three-tier system (Affiliate Broker, Broker, Broker-in-Charge).
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Related Topics & Key Terms
Key Terms:
Related Concepts
Commingling is the illegal act of mixing client trust funds with a broker's personal or business operating funds; conversion is the misappropriation of those funds.
Continuing education (CE) refers to the ongoing coursework that licensed real estate professionals must complete during each renewal cycle to maintain an active license. CE ensures agents stay current with changes in laws, regulations, and industry practices.
The National Do Not Call Registry is a federal program administered by the FTC that allows consumers to opt out of receiving unsolicited telemarketing calls, including calls from real estate agents soliciting business.
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