Tennessee Real Estate License Requirements

Here is a comprehensive preparation guide to getting your Tennessee real estate license, including general licensing requirements, exam details, fees, and what you must provide document-wise, whether you are an affiliate broker or a broker.

What you need to get your real estate license in Tennessee

Affiliate broker:

• Be at least 18 years old.
• Proof of high school graduation.
• Proof of completion of pre-license education (60 credit hours of education before the exam and have completed the 30-hour New Affiliates course).
• PSI Examination Application- obtained upon completion at a testing center (Principal Broker must sign the application).
• Complete the application along with a picture of yourself.
• Proof of errors and omissions insurance policy.
• Electronic Fingerprinting.
• Eligibility Verification.
• Payment of dues: $91.00.
• Examination Fees:
  • Full: $63
  • State Only: $26
  • National Only: $37

Broker:

• Be at least 18 years old.
• Broker candidates must have held an ACTIVE license that meets one of these criteria:
  • Twenty-four (24) months actively licensed, if licensed as an affiliate broker, on or before May 12, 1988.
  • Thirty-six (36) months actively licensed, if licensed as an affiliate broker after May 12, 1988.
  • Twenty-four (24) months actively licensed if the applicant has a baccalaureate degree with a major in real estate.
• Completed one hundred twenty (120) hours of approved real estate education.
• Proof of 30 Hr. Office Broker Management.
• Complete the application along with a picture of yourself.
• Proof of errors and omissions insurance policy.
• Electronic Fingerprinting.
• Eligibility Verification.
• Payment of dues: $91.00.
• Examination Fees:
  • Full: $63
  • State Only: $26
  • National Only: $37

What is the passing score for the Tennessee real estate license exam?

The affiliate broker exam consists of 80 national questions and 40 state-specific questions. To pass the exam, you must score at least 70% on both portions.

The broker exam consists of an 80-question national section and a 50-question state-specific section. To pass the exam, you must score at least 75% on both portions.

You will get your score immediately after you are done with your exam.

What is the time limit for the Tennessee real estate exam?

For the affiliate broker exam, you are allowed 2 hours and 40 minutes for the national portion and 1 hour and 20 minutes for the state portion, for a total of 4 hours.

For the broker exam, you are allowed 2.5 hours for the national portion and 1.5 hours for the state portion, for a total of 4 hours.

What to bring for the state of Tennessee real estate license exam?

• One form 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 multiple-choice exam is given on a computer.

What is the exam content?

The national portion of the affiliate broker and broker real estate exams contains the following topics:

• Property Ownership
• Land Use Controls
• Valuation
• Financing
• Contracts
• Agency
• Property Disclosures
• Property Management
• Transfer of Title
• Practice of Real Estate
• Real Estate Calculations

The state portion of the affiliate broker and broker real estate exams contains the following topics:

• Duties and Powers of the 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)

Sources

• Official PSI Exam Information
• Tennessee Real Estate Commission Licensing Information
• Tennessee Real Estate Candidate Information Bulletin