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.
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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?
For affiliate brokers:
The exam consists of 80 national questions and 40 state-specific questions. To pass the exam, you must score at least 70% on both portions, that is, 56 correct questions from the national portion and 28 state-specific.
For brokers:
The exam consists of an 75-question national section and a 50-question state-specific section. To pass the exam, you must score at least 75% on both portions, that is 60 correct national questions and 38 state-specific.
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 160 minutes for the national portion and 80 minutes for the state portion, for a total of 4 hours.
For the broker exam, you are allowed 150 minutes for the national portion and 90 minutes 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, it must be a VALID form of a state issued identification (e.g. driver’s license, state ID, passport), which bears your signature and has your photograph.
You may be given a piece of scratch paper and a pencil; they have to be return the during check-out.
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)
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