James has just passed the Tennessee real estate exam and wants to activate his Affiliate Broker license. Under Tennessee law, which of the following is required before James can legally practice real estate?
Correct Answer
B) James must affiliate his license with a licensed Tennessee broker
Under Tenn. Code Ann. § 62-13-302, an Affiliate Broker cannot practice real estate independently. The license must be affiliated with and held by a licensed Tennessee broker. The Affiliate Broker acts under the supervision of that broker and cannot operate on their own.
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Related Topics & Key Terms
Key Terms:
Related Concepts
Brokers in Florida have strict responsibilities for managing escrow accounts, including monthly reconciliation and proper handling of trust funds.
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.
More Practice Of Real Estate Questions
In Wyoming real estate practice, an associate broker or salesperson is not associated with a responsible broker at renewal. What should the licensee remember?
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