Tennessee Real Estate Commission
The Tennessee General Assembly has recently made changes to statutes which may impact you as a holder of a license with the Tennessee Real Estate Commission. These new changes as set out in the following Public Chapters specifically amend the Tennessee Code Annotated as follows:
Public Chapter No. 84, amends Tenn. Code Ann. § 62-13-112, which allows for suspension of a license, and also allows for revocation of a license suspended for more than one (1) year, for a licensee of the Tennessee Real Estate Commission who fails to obtain, maintain, or renew that licensee’s errors and omissions insurance and includes provisions outlining the requirements for reinstatement of the license.
Public Chapter No. 420, amends Tenn. Code Ann. § 62-13-303, relative to licensure requirements and requires all applicants for initial licensure with the Tennessee Real Estate Commission to submit fingerprints to the Commission or to the Tennessee Bureau of Investigation for the purpose of obtaining a criminal background check.
Public Chapter No. 138, amends Tenn. Code Ann. §§ 56-1-302 and 308, which will allow the Division of Regulatory Boards to implement a system for the electronic submission of complaints and applications and for notifications, including those of renewals and rulemakings, to be sent electronically. The public chapter also makes payment of a civil penalty assessed after a hearing under the Uniform Administrative Procedures Act, in title 4, chapter 5, a prerequisite to the renewal of any license issued by the Division of Regulatory Boards unless such penalty is stayed or acceptable arrangements are made for payment of the civil penalty prior to the renewal.
Public Chapter No. 122, amends Tenn. Code Ann. § 4-3-1304, relative to boards and commissions. This chapter requires that each board attached to the Division of Regulatory Boards establish a procedure to expedite the issuance of a license, certification, or permit for a person licensed in another state to perform those services who is a qualifying spouse of a member of the armed forces or is a qualifying member of the armed forces applying within one hundred eighty (180) days of retirement, receiving a discharge other than a dishonorable discharge, or being released from active duty into a reserve component of the United States armed forces. The chapter also requires the commissioner and each regulatory board to accept military education, training, or experience completed by certain qualifying persons towards the qualification to receive a license or certification if the education, training, or experience is determined to be substantially equivalent.