What is the Tennessee Real Estate Commission? correct answer: The judicial body of the real estate industry in the state of Tennessee
Who makes up the
... [Show More] Tennessee Real Estate Commission? correct answer: 9 members - 3 from each grand division of the state
*7 from the real estate industry - 2 from the general public
Who appoints the Tennessee Real Estate Commission? correct answer: The governor
How long is a term for a commissioner on the Tennessee Real Estate Commission? correct answer: 5 years - they may serve 2 terms from the general public
Who fills any vacancy on the Tennessee Real Estate Commission? correct answer: The governor
Requirements of Tennessee Real Estate Commission members: correct answer: All must be of good moral character and attend such meetings as may be required.
What does the Tennessee Real Estate Commission do? correct answer: Makes rules and regulations and enforces them.
The commission may... (9) correct answer: 1. Adopt, amend, and repeal rules, regulations, and issue orders consistent with their objectives and the law.
2. Prescribe forms and procedures for submitting information to the commission.
3. Accept grants to further their purpose.
4. Cooperate with agencies performing similar functions in other jurisdictions to develop uniform procedures any standards.
5. Initiate private investigations within or outside the state.
6. Have the power to suspend or revoke the license of a firm, agent or the registration of a developer or fine the same accordingly.
7. Issue a cease and desist order if a developer has not registered a timeshare program.
8. After notice of hearing, revoke the registration of a timeshare development upon determination that a developer or agent of a developer has failed to comply with a notice of suspension.
9. Reject an application for registration if any partner or other associate of a developer has been shown to have serious moral or financial issues.
Who are the employees of the Tennessee Real Estate Commission? correct answer: 1. The executive director.
2. Director of Education
3. An administrator
4. Attorney
5. 14 staff persons
Who appoints the executive director? correct answer: The Tennessee Real Estate Commission
How long is the term for executive director? correct answer: 4 years
The executive director must have... correct answer: a broker's license
The full time director of education is correct answer: appointed by the commission and shall have a college degree
Who processes your application? correct answer: The staff at the Tennessee Real Estate Commission. [Show Less]