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Current as of January 02, 2024 | Updated by Findlaw Staff
(a)(1) Upon written request accompanied by the license and the fee for change of status, any real estate firm, real estate broker, affiliate broker, time-share salesperson, or acquisition agent may temporarily retire the license.
(2) If the retiree wishes to remain in retirement for any portion of a subsequent license renewal period, the retiree shall pay the required license renewal fee prior to the license expiration date.
(3) No retired licensee may engage in any act defined in § 62-13-102.
(4) The retiree is responsible for advising the commission of the retiree's current mailing address.
(b)(1) A licensee wishing to reactivate a license from retirement status shall submit the proper form and fee for a change of status.
(2) Reactivation of a temporarily retired license shall not be permitted until the licensee provides proof of completion of sixteen (16) classroom hours in real estate courses as specified in § 62-13-303 during the current license renewal period.
(c) Any license in inactive status with the commission on July 1, 2016, shall be transferred to retirement status on that date.
Cite this article: FindLaw.com - Tennessee Code Title 62. Professions, Businesses and Trades § 62-13-318 - last updated January 02, 2024 | https://codes.findlaw.com/tn/title-62-professions-businesses-and-trades/tn-code-sect-62-13-318/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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