Tennessee Real Estate Practice Exam

Who administers the real estate license law in Tennessee?

1. Board of Real Estate Examiners

2. Tennessee Real Estate Commission

3. State Department of Licensing

4. Tennessee Board of Realtors

The correct answer is: Tennessee Real Estate Commission

The Tennessee Real Estate Commission is the authority responsible for administering the real estate license law in Tennessee. This commission oversees the regulation of real estate professionals within the state, ensuring compliance with laws and ethical standards that govern the practice of real estate. It is tasked with licensing agents, brokers, and other real estate professionals, as well as handling disciplinary matters related to real estate practices. The commission is composed of appointed members, including individuals who have experience in real estate as well as public representatives, which helps ensure a balanced approach to regulation that considers both industry perspectives and consumer protection. This structure is essential for maintaining professional standards and safeguarding the public interest in real estate transactions. In contrast, the other options mentioned do not have the same role. The Board of Real Estate Examiners may deal with the examination process but does not administer the overall licensing law. The State Department of Licensing may oversee various professional licenses but is not specifically focused on real estate law. Similarly, the Tennessee Board of Realtors is a trade organization that supports real estate professionals but does not provide regulatory oversight.