Laura holds a Tennessee Affiliate Broker license and works for Broker Dan's firm. Laura wants to simultaneously work part-time for another firm owned by Broker Susan. Under Tennessee law, which of the following accurately describes whether this is permitted?
Correct Answer
B) Laura may not hold an active license under more than one Broker at the same time in Tennessee.
Under Tenn. Code Ann. § 62-13-301 and TREC rules, an Affiliate Broker may only be affiliated with and work under one licensed Broker at a time. Tennessee does not permit an Affiliate Broker to hold an active license under multiple Brokers simultaneously. If Laura wants to work for Susan's firm, she must transfer her license from Dan's firm to Susan's firm, or choose one firm exclusively.
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Related Topics & Key Terms
Key Terms:
Related Concepts
Advertising regulations govern how real estate licensees may market properties and services, requiring truthful, non-deceptive advertising that includes proper identification of the brokerage.
Antitrust violations in real estate occur when competing brokerages or agents engage in practices that restrain trade, reduce competition, or harm consumers through collusion. These violations are governed by the Sherman Antitrust Act and can result in severe penalties.
Broker supervision is the legal obligation of a designated or managing broker to oversee and be accountable for the real estate activities of all salespersons and associate brokers operating under their license.
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