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TREC counsel outlines bills affecting licenses and staff details proactive compliance sweep of inactive firms
Summary
Program counsel updated the commission on three bills under review that could change licensing and notice rules; staff also reported a proactive audit that flagged many firms with principal-broker issues and prompted an uptick in legally opened cases.
Program counsel provided a legislative and enforcement update at the Tennessee Real Estate Commission’s April meeting, summarizing bills the commission is tracking and explaining a recent proactive enforcement effort aimed at firms with missing or expired principal brokers.
Counsel said the commission is tracking three primary measures: SB 1786/HB 1916 (would remove the separate designated-agent license requirement for vacation lodging services and the related eight hours of continuing education), HB 1677/SB 1692 (the Military Families Licensing Recognition Act, which would extend some…
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