Real Estate Firm

A Real Estate Firm is required to be licensed by the Tennessee Real Estate Commission, have a principal broker and maintain a fixed location and adequate facilities for affiliated licensees, located to conform with zoning laws and ordinances.

The license of a broker and of each affiliate broker under contract to the broker shall be prominently displayed in the broker's principal place of business.

Each licensed broker shall maintain a sign on the outside of the broker's office of the size and content that local ordinances and the Commission prescribe, which shall clearly state that the broker is engaged in the real estate business.

Persons engaged in Property Management need an active Tennessee broker or affiliate broker real estate license and must be affiliated with a firm actively licensed in TN.

Requirements

Licensing Requirements

1. Open and provide proof of escrow account by supplying the name and address of the bank, name of account, and account number, and have your principal broker sign. If funds belonging to third parties will not be handled by your firm, fill out the Waiver of Escrow form. This form can be found on the “Forms and Downloads” page.
   2. If a local jurisdiction does not have zoning regulations, submit a zoning letter from the local county or city mayor stating such.
   3. Corporations or LLCs must submit a current copy of the firm's certification (or Letter of Good Standing) from the Tennessee Secretary of State, along with any DBA name.
   4. Submit a TREC-1 form, found on the “Forms and Downloads” page, to transfer a Principal Broker to the firm. The fee associated with this request is $25.
   5. Submit a TREC-2 form, found on the “Forms and Downloads” page, to designate the new Principal Broker. The fee associated with this request is $25.

Application & Fees

Complete the “New Real Estate Firm Application” online at core.tn.gov. The fee for the application is $90.