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TREC waives some late fees and assigns 'trace' course for license restorations; E&O penalty required in one case
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Summary
The commission granted a late-fee waiver and assigned the 30-hour trace course for one applicant, required another to pay a $1,100 E&O penalty plus the trace course, and waived a third applicant's late fee and required the trace course.
The Tennessee Real Estate Commission acted on multiple waiver requests at its April meeting, issuing a mix of fee waivers, educational assignments and penalty requirements for applicants seeking licensure restoration.
Colleen Loy asked the commission to waive late fees and retesting after her license lapsed during a bereavement. Commissioners discussed three restoration paths (pay fees and retest, pay fees and take the 30-hour 'trace' course, or retest with no fee) and confirmed Loy now qualifies for the trace course. After discussion Commissioner Begley moved and Commissioner Torbit seconded a motion to waive the late fee and require the 30-hour trace course; the motion carried unanimously.
In a separate case, Ebony Hansberry — whose license was revoked on May 3, 2024 for lack of errors-and-omissions (E&O) insurance — was found eligible for the trace course but not for an E&O-penalty waiver. Commissioners voted to require Hansberry to pay the $1,100 E&O penalty and to complete the trace course before any license reinstatement.
The commission also granted a medical-waiver request for Britney Guy, who had an affiliate license expire March 6, 2025. Commissioners voted to waive the $1,100 late fee and require Guy to complete the trace course and re-affiliate with a firm before a license would be issued.
In each case the commission specified that taking the trace course and satisfying any fee or insurance requirements are prerequisites for reinstatement; no final license is issued until those conditions are met.
