Real estate agents in Tennessee are faced with a number of new tasks, ranging from license renewal to taking new courses. Just like every other state, Tennessee has its own requirements for obtaining a real estate license. Having questions is totally normal in the process of working on your real estate license, and this guide will help you answer some of the most common ones.
1. How Do I Renew My Real Estate License in Tennessee?
In order to renew your real estate license, you must complete 16 hours of continuing education. Mandatory Tennessee Real Estate Commission Core classes encompass six of the mandatory hours, and the remaining 10 hours may be electives.
Submitting your renewal application will cost $80. After 60 days, of the grace period, you will also be charged with $50 every 30 days late.
Make sure to complete your coursework before your real estate license expires, which is every two years. If your real estate license becomes inactive because it has not been renewed, you will be unable to practice as a real estate agent. You will need to activate your license again.
2. How Do I Change My Real Estate License Information?
You have the ability to change information, like contact methods and your name, through the online licensing system, CORE. This makes it easy to change your address, your legal name, or your phone number, sometimes without being issued a brand new license.
3. How Do I Apply for a Real Estate License?
First, you must complete the pre-licensing coursework. The requirements include a 60-hour course in real estate practices and principles. This coursework is meant to prepare you for working in the industry as an associate broker.
You then need to take and pass the Tennessee real estate examination, which also includes the national portion of the exam. You must pass with a score of at least 70%.
Then, you can apply for your real estate license. Submit your application and the application fee to complete the process until you hear back from the real estate commission.
4. How Do I Become a Real Estate Agent in Tennessee if I Have a License Elsewhere?
Tennessee does not currently have any reciprocity agreements with other states. If you have a real estate license in a different state, you will need to submit a special worksheet and history from the state of your other license. The real estate commission will make a determination of your needs based on this information.
5. What Happens If I Don’t Pass My Pre-Licensing Exam?
You are required to pass both the national and state portions of the affiliate broker exam in order to work as a real estate professional in Tennessee. If you fail only one section, you need to only retake that one. You will have a certain number of tries and a time limit in which you must pass both sections.
Education is always an important step along the way to becoming a real estate agent or broker. We are here to help facilitate the process. Contact us for more information about preparing yourself for a brand new career in real estate.