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Real estate records are important to support the events of a sale and explain the legal agreements made during the course of a real estate transaction. In Tennessee, documents must be kept a minimum of three years, but it is recommended they are kept for six years in the event of any possible litigation.
Tennessee real estate license renewals are due every two years. Check your license for your specific expiration date.
TREC Rule 1260-02-.12 ADVERTISING a) No licensee shall advertise to sell, purchase, exchange, rent, or lease property in a manner indicating that the licensee is not engaged in the real estate business.
Electronic Records (TREC Rule 1260-02.40) Per the law real estate licensees must preserve records relating to any real estate transaction for 3 years.
§ 62-13-312(b)(6), real estate licensees must preserve records relating to any real estate transaction for three (3) years following the consummation of said real estate transaction.
A licensed broker must retain for three years copies of all listings, deposit receipts, canceled checks, trust account records, and other documents executed by or obtained by the broker in connection with any transaction for which a license is required.
Fees Initial License Application$91.00Broker (Upgrade from Tennessee Affiliate Broker)$91.00Licensee Renewal (every 2 years)$75.00Firm Renewal (every 2 years)$75.00Time Share Renewal$500.006 more rows
The Tennessee real estate exam must be taken at an approved testing facility. These testing facilities are located in the following cities: Chattanooga, Dyersburg, Jackson, Johnson City, Knoxville, Memphis, and Nashville.