In Tennessee, the term 'affiliate broker' refers to:
Question & Answer
Review the question and all answer choices
A managing broker
Option A is incorrect because a managing broker in Tennessee has different responsibilities and licensing requirements than an affiliate broker. A managing broker typically supervises other brokers and has additional qualifications, while an affiliate broker is specifically defined as a salesperson working under a principal broker's license.
A salesperson licensed under a principal broker
An independent contractor
While affiliate brokers in Tennessee may work as independent contractors, this is not the definition of an affiliate broker. The term refers to licensing status, not employment classification.
A property manager only
An affiliate broker in Tennessee can perform various real estate services beyond property management, including sales, leasing, and brokerage activities, not just property management.
Why is this correct?
Answer B is correct because Tennessee specifically defines an 'affiliate broker' as a salesperson licensed under a principal broker. This is Tennessee's terminology for what is commonly called a salesperson or agent in other states, making it a key state-specific distinction.
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