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Commerce committee narrows continuing-education exemption for long-licensed principal brokers
Summary
House Bill 700 removes the continuing-education exemption for principal brokers licensed before Jan. 1, 2005, when those brokers supervise affiliate brokers; the committee approved the bill and sent it to Calendar and Rules.
House Bill 700, sponsored by Representative Burkhart and supported by the Tennessee Realtors, would remove a continuing-education exemption for principal brokers licensed before Jan. 1, 2005 when they supervise affiliate brokers.
The sponsor told the committee the bill updates continuing-education requirements to reflect industry changes and removes a blanket exemption that allowed long‑licensed principal brokers who supervise others to bypass continuing-education requirements. The sponsor said the change was warranted given industry changes and would apply only to those principal brokers who supervise affiliate brokers.
The committee attached amendment 3873 and then took a recorded vote; the clerk reported 22 ayes and 1 no. The bill was advanced to Calendar and Rules.
Votes at a glance: House Bill 700 — amendment 3873 attached; recorded vote 22–1; forwarded to Calendar and Rules.
Ending: The sponsor asked for a follow-up report, which one committee member requested; the bill moves on with the committee noting it will track implementation impacts.
