Article Summary: This article will help anyone looking for information pertaining to a real estate license in the state of Tennessee or anyone looking to become a real estate agent or realtor in Tennessee. Contents of this article may include information on real estate education, schools, training courses, continuing education, tests and exams, laws, license requirements, renewal information, forms and more..
The Tennessee Real
Estate Commission is one of the regulatory boards under the Tennessee
Department of Commerce & Insurance. The Real Estate Commission was created in 1951 to
handle the licensing of agents within the state, and its main office is in Nashville.
The requirements for a real estate affiliate broker license in Tennessee include being
at least 18 years of age and having successfully completed 60-hours of approved courses in
real estate principles and fundamentals before taking the real estate exams. Brokers
licensed as brokers after January 1, 2005, must complete continuing education requirements
after completing postlicense education, including the core course.
The requirements for a real estate broker license in Tennessee include being at least
18 years of age and having held an active affiliate broker license for 36 months if
licensed as an affiliate broker after May 12, 1988. The broker license applicant needs to
have successfully completed 120 classroom hours of approved real estate education. 30
hours of these must be an 'Office/Broker Management' course. After completing the
education requirements and passing the broker real estate examinations, the licensee must
complete 120 additional hours of approved post-licensing courses before the third
anniversary of becoming licensed.
Brokers licensed after January 1, 2005 need to complete continuing education
requirements after completing the 120-hour post-license requirement. Most licensed
applicants from other jurisdictions need to fulfill all of the above criteria that
Tennessee applicants need to fulfill, unless the applicants home state has a reciprocity
agreement with Tennessee.
Tennessee Real Estate License
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A few other requirements pertain to all applicants. Persons who have been licensed in
another state within the last five years must obtain a License Certification from that
state. Anyone who has had a real estate license revoked or suspended in Tennessee or in
another state probably will not be approved for a license. The commission does not approve
the applications of anyone on parole or probation unless two years have passed from the
date of expiration of probation, conviction, or release from incarceration. Once the two
years have passed, the commission may issue a license on a one-year probation basis.
You can locate the approved real estate
schools for prelicensure and for continuing education online.
Instructions for seeing a list of approved schools are located under the 'Licensing
The real estate examinations are handled by PSI Examination Services
out of Las Vegas, NV. The $55.00 examination fee is the same whether you take one portion
or both portions of the exams, and whether you are a broker or an affiliate broker. The
fee is nonrefundable and not transferable. You may register online for the exams.
Licenses are issued for a two-year period and expire on December 31, 2006 and every two
years thereafter. The renewal fee is $80.00 and the renewal applications are due by
November 1st. All renewal applicants need to provide proof of errors and omissions
insurance. The premium for a two-year policy is $260.00.
Tennessee has reciprocity
agreements with 13 other states, each which may have different
qualifications. All applicants from other states need to provide errors and omissions
You can locate many of the real estate forms online, and
others may be obtained through the Real Estate Commission.
Real estate careers are strengthened by membership in the many organizations that
provide services for the professional agent. Organizations like the Tennessee
Association of Realtors and the National
Association of Real Estate Brokers (NAREB) assist many in locating real
estate jobs within the industry. The Association
of Real Estate License Law Officials (ARELLO) and The National Association of Realtors (NAR), the
world's largest professional association, are excellent resources for real estate
education and professional enrichment.
Tennessee Real Estate Forms
Tennessee Reciprocity States
- Most real estate forms can be obtained online. Ones listed
below pertain to new salespersons and brokers.
- New Mexico
- North Carolina
- North Dakota
- South Dakota
- West Virginia
(as of 2/23/2010)
Tennessee Approved Real Estate Schools Prelicensing and Postlicensing
Columbia State Community College
East Tennessee State University
Motlow State Community College
Pellissippi State Community College
Southwest Tennessee Community College
University of Memphis
University of Tennessee
Volunteer State Community College
Walters State Community College
Career Institute (Woodbury)
Chattanooga Association of Realtors (Chattanooga)
D&D School of Real Estate (Johnson City)
Lakeway Area Association of Realtors (Morristown)
Little Red School of Real Estate (Rogersville)
Professional School of Real Estate (Knoxville)
Tennessee Association of Realtors (Nashville)
Tennessee Technology Center (Crossville)
|This list may not include all approved schools. Please visit the Tennessee Real
Estate Commission website for the latest list of approved real estate