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Bill > SB0886
TN SB0886
TN SB0886AN ACT to amend Tennessee Code Annotated, Title 62, Chapter 13, relative to real estate broker licenses.
summary
Introduced
02/05/2025
02/05/2025
In Committee
Crossed Over
03/13/2025
03/13/2025
Passed
03/25/2025
03/25/2025
Dead
Signed/Enacted/Adopted
04/08/2025
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 the continuing education rules for brokers. Specifically, the bill provides an exemption for brokers who were originally licensed before January 1, 2005, and do not supervise any affiliate brokers from the standard requirement of completing 16 classroom hours of real estate courses every two years to renew their license. Under the existing law, brokers must first complete 120 classroom hours within three years of receiving their original license, and then complete 16 classroom hours every two years thereafter. The new provision creates a specific exception for older, independent brokers who do not manage other real estate professionals. The bill will take effect on January 1, 2026, and appears designed to reduce continuing education requirements for long-established real estate brokers who are not actively supervising other brokers, potentially easing the administrative burden on these experienced professionals while maintaining education standards for newer or more actively managing brokers.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Effective date(s) 01/01/2026 (on 04/08/2025)
bill text
bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://wapp.capitol.tn.gov/apps/Billinfo/default.aspx?BillNumber=SB0886&ga=114 |
| BillText | https://publications.tnsosfiles.com/acts/114/pub/pc0122.pdf |
| Amendment 1-0 to SB0886 | https://www.capitol.tn.gov/Bills/114/Amend/SA0066.pdf |
| Fiscal Memo for SA0066 (3873) | https://www.capitol.tn.gov/Bills/114/Fiscal/FM0134.pdf |
| Fiscal Note - HB0700 | https://www.capitol.tn.gov/Bills/114/Fiscal/HB0700.pdf |
| BillText | https://www.capitol.tn.gov/Bills/114/Bill/SB0886.pdf |
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