Donna received her Tennessee affiliate broker license on June 1, 2023. Her birth month is November. Under TREC's renewal schedule, in which month and year will Donna's first license renewal deadline fall?
Correct Answer
A) November 2025
Tennessee real estate licenses expire on the last day of the licensee's birth month in the renewal year, on a two-year cycle. Donna's birth month is November. Since her license was issued in June 2023, her first renewal will fall in November of the year that creates approximately a two-year cycle from issuance — which is November 2025. This gives her approximately 29 months from issuance to first renewal, which is within the normal range for Tennessee's birthday-based renewal system.
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Related Topics & Key Terms
Key Terms:
Related Concepts
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.
Commingling is the illegal act of mixing client funds with a broker's personal or business operating funds, while conversion is the unauthorized use of client funds for the broker's own benefit. Both are serious violations that can result in license revocation.
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.
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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In Wyoming real estate practice, a salesperson applicant age is reviewed. What should the licensee remember?
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