Patricia recently passed her Tennessee real estate exam and is applying for her Affiliate Broker license. She discloses on her application that she was convicted of felony fraud five years ago. Under Tennessee law, how will TREC most likely handle her application?
Correct Answer
B) TREC will review the conviction on a case-by-case basis to determine if it directly relates to the practice of real estate
Under Tenn. Code Ann. § 62-13-312, TREC has discretionary authority to deny a license application based on criminal history. TREC evaluates criminal convictions on a case-by-case basis, considering the nature of the crime, its relationship to real estate practice, the time elapsed, and evidence of rehabilitation. A felony fraud conviction is particularly relevant given its direct connection to honesty and integrity in real estate dealings, but automatic denial is not mandated.
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Related Topics & Key Terms
Key Terms:
Related Concepts
Market allocation is an illegal antitrust practice in which competing real estate brokerages agree to divide markets among themselves by geographic area, property type, or price range, thereby eliminating competition.
Price fixing is an illegal antitrust practice in which competing real estate brokerages agree to charge the same commission rates, fees, or other pricing for their services. It is a per se violation of the Sherman Antitrust Act.
Florida brokers are required to maintain transaction records and escrow records for a minimum of five years.
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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A Wyoming licensee is reviewing an out-of-state salesperson applicant prepares for testing. What is the best answer?
In Wyoming real estate practice, a salesperson applicant age is reviewed. What should the licensee remember?
A responsible broker in Wyoming asks about a nonresident applicant provides home-state evidence. Which answer follows Wyoming law?
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