What is required to get a license in Tennessee?
For affiliate brokers:
- Completed application along with a picture of yourself
- Proof of high school graduation
- Proof of completion of required pre-licensing courses
- Proof of errors and omissions insurance policy
- Payment of dues ($110.00)
- Eligibility Verification
For brokers:
- Completed application along with a picture of yourself
- Proof of errors and omissions insurance policy
- Payment of dues ($110.00)
- Eligibility Verification
What score do I need to pass?
The affiliate broker exam consists of 80 national questions and 40 state-specific questions. To pass, you must correctly answer at least 56 of the national questions (70%) and 28 of the state questions (70%).
The broker exam consists of 80 national questions and 50 state-specific questions. To pass, you must correctly answer at least 60 of the national questions (75%) and 38 of the state questions (75%).
You will receive your score immediately after you complete your exam.
How much time do I have to complete the exam?
For the affiliate broker exam, you are allowed 2 hours 40 minutes for the national portion and 1 hour 20 minutes for the state portion, for a total of 4 hours.
For the broker exam, you are allowed 2 hours 30 minutes for the national portion and 1 hour 30 minutes for the state portion, for a total of 4 hours.
What should I bring with me for the exam?
- 2 Forms of identification (e.g. driver’s license, state ID, passport, credit card, debit card)
- Basic (non-scientific) calculator
What is the format of the exam?
The exam is given on a computer and is multiple-choice.
What is on the exam?
The national portion consists of the following sections:
- Property Ownership
- Land Use Controls and Regulations
- Valuation and Market Analysis
- Financing
- General Principles of Agency
- Property Condition and Disclosures
- Contracts
- Transfer of Title
- Practice of Real Estate
- Real Estate Calculations
- Subdivisions
- Commercial, Industrial, and Income Properties
The state-specific portion consists of the following sections:
- Duties and Powers of Real Estate Commission
- Licensing Requirements
- Advertising and Marketing
- Broker/Affiliate Relationships
- Handling of Documents and Record Keeping
- Handling of Trust/Escrow Funds
- Other Improper Activities and Consumer Protection
- Agency and Disclosure Issues
- Special Areas of Practice (Timeshare, Property Management, Commercial/Industrial Real Estate)