Howard is a licensed Tennessee broker who holds the Broker-in-Charge designation at his firm, Volunteer Realty. Howard completes all required CE hours for his own license renewal but fails to ensure that one of his affiliate brokers, Sandra, completes her CE before her renewal deadline. Sandra's license expires. A TREC investigation reveals that Howard was aware Sandra had not completed her CE but took no corrective action. Which of the following most accurately describes Howard's potential liability under Tennessee license law?
Correct Answer
A) Howard may face disciplinary action by TREC for failing to fulfill his supervisory duties as Broker-in-Charge
Under Tennessee license law and TREC rules, a Broker-in-Charge has affirmative supervisory duties over the affiliate brokers sponsored by the firm. These duties include ensuring that sponsored licensees maintain active, valid licenses. When Howard was aware that Sandra had not completed her CE and failed to take corrective action, he breached his supervisory responsibilities as BIC. TREC may impose disciplinary action against Howard for this failure, which could include fines, suspension, or other sanctions, even though Sandra's CE obligation was ultimately her own responsibility.
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Related Topics & Key Terms
Key Terms:
Related Concepts
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Florida real estate licenses must be renewed biennially, and sales associates have specific post-license education requirements for their first renewal.
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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