Public Chapter 36

HOUSE BILL NO. 414

By Representative Kent

Substituted for: Senate Bill No. 958

By Senator Leatherwood

AN ACT to amend Tennessee Code Annotated, Title 62, Chapter 13, relative to real estate brokers.

BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF TENNESSEE:

SECTION 1. Tennessee Code Annotated, Section 62-13-314, is amended by adding a new subsection thereto, as follows:

( ) Notwithstanding any provision of law to the contrary, the Tennessee Real Estate Commission shall have the authority to enter into reciprocity agreements with another state, if in the judgment of the commission such state has meaningful requirements for licensure. The reciprocity agreement may authorize the licensure of Tennessee licensees in such state and for the licensure of licensees of such state in Tennessee.

SECTION 2. This act shall take effect upon becoming a law, the public welfare requiring it.