Tennessee Real Estate Practice Exam

What action must a licensee take when pleading guilty or being convicted of a crime?

1. Seek legal counsel

2. Notify the commission within a required timeframe

3. Stop all real estate activities

4. Inform their broker immediately

The correct answer is: Notify the commission within a required timeframe

When a licensee pleads guilty or is convicted of a crime, the most crucial action they must take is to notify the real estate commission within a required timeframe. This requirement is in place to ensure that the commission is aware of any legal issues that may affect the licensee's ability to conduct real estate activities. The commission has regulations in place to address convictions that may have implications for the public trust, and timely disclosure allows them to evaluate whether any disciplinary action is warranted. By adhering to this responsibility, the licensee demonstrates transparency and commitment to maintaining the integrity of their professional conduct. The requirement for notification is typically outlined in the statutes or rules governing real estate practices in Tennessee, highlighting its importance in maintaining regulatory oversight in the field.