Obtaining a Tennessee Real Estate License
The state of Tennessee offers three different classes of real estate licenses: a timeshare salesperson's license, an affiliate broker's license and a full-fledged broker's license. Each requires more education or experience than the preceding one and offers greater ability to conduct real estate transactions in the state of Tennessee.
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Timeshare Salesperson's License
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The most basic real estate license available in Tennessee is a timeshare salesperson's license. This license requires 30 hours of classroom training, but no continuing education or postlicensing training. Applicants for this license must meet Tennessee's basic standards for a clean criminal record, and must also pass a licensing test.
Affiliate Broker's License
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An affiliate broker's license allows an individual to fully participate in real estate activities in Tennessee under the supervision of a broker. Applicants for this license need to complete 90 hours of classroom training and pass a test. They must then complete 16 hours of continuing education, including Tennessee's "Core Course." The prelicensing classroom training includes a 60-hour course on the principles of real estate and a 30-hour course aimed at newly licensed affiliate brokers.
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Broker's License
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The broker's license is the highest license offered by Tennessee's Real Estate Commission. Brokers can do everything that affiliate brokers can, and can also employ affiliates and run a real estate office. They are subject to experience and education requirements. To get a broker's license, applicants must complete 120 hours of prelicensing education, including a special 30-hour course on "Office and Brokerage Management." They must also pass a test, complete 120 more hours of education in the three years after they get their license, and also complete continuing education courses. Brokers must also have three years of licensed experience as an affiliate broker before they can apply for the license, unless they hold a bachelor's degree with a concentration in real estate, in which case they only need two years.
Licensees From Other States
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Tennessee exempts people who hold licenses in other states from some of the prelicensing requirements. License-holders from fully reciprocal states (Arkansas, Connecticut, Georgia, Iowa, Louisiana, Massachusetts, Mississippi, New Mexico, North Carolina, North Dakota, South Dakota, Virginia and West Virginia) can simply fill out an application and pay a fee for a license. Residents of Florida and New Hampshire need only pass the Tennessee portion of the real estate test and pay a fee. Those who live in other states may still have Tennessee's education requirements, national exam requirement or experience requirement waived upon review by Tennessee's Real Estate Commission.
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References
- Photo Credit Tennessee state contour against blurred USA flag image by Stasys Eidiejus from Fotolia.com
