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TN HB0700

TN HB0700
AN ACT to amend Tennessee Code Annotated, Title 62, Chapter 13, relative to real estate broker licenses.


summary

Introduced
02/03/2025
In Committee
03/19/2025
Crossed Over
Passed
04/08/2025
Dead
Signed/Enacted/Adopted
04/08/2025

Introduced Session

114th General Assembly

Bill Summary

As enacted, exempts a real estate broker licensee who was originally licensed prior to January 1, 2005, and does not supervise any affiliate brokers from the requirement to furnish certification of satisfactory completion of 16 classroom hours in real estate courses for reissuance of a license for a licensure period after the period in which the licensee completed the required 120 classroom hours in real estate. - Amends TCA Title 62, Chapter 13.

AI Summary

This bill amends Tennessee's real estate broker licensing requirements by modifying continuing education provisions specifically for brokers who were originally licensed before January 1, 2005. Currently, brokers must complete 120 classroom hours of real estate education within three years of initial licensing, and then complete 16 classroom hours every two years for license renewal. The bill creates an exemption for brokers licensed before 2005 who do not supervise any affiliate brokers, meaning these experienced brokers will no longer be required to complete the mandatory 16-hour continuing education courses for license reissuance. The term "classroom hours" refers to formal educational instruction in real estate-related topics, which traditionally helps ensure that professionals stay current with industry practices, legal changes, and best practices. This exemption recognizes the extensive experience of long-time brokers while still maintaining education requirements for newer licensees and those who supervise other real estate professionals. The bill is set to take effect on January 1, 2026, providing ample time for the real estate industry and licensing commission to prepare for the change.

Committee Categories

Business and Industry

Sponsors (5)

Last Action

Comp. became Pub. Ch. 122 (on 04/08/2025)

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