Rules & Regulations of the State of Tennessee Title 1260 - Real Estate Commission
Here is a structured overview of Title 1260 – Real Estate Commission from the Rules & Regulations of the State of Tennessee (effective through March 23, 2025) (regulations.justia.com):
📘 Title 1260 – Chapters Overview
1. Chapter 1260‑01 – Licensing
Covers requirements and procedures for license applications, renewals, and related matters:
1260‑01‑.01 Applications for Examinations: Specifies testing vendor procedures, eligibility delays after convictions, and necessary disclosures for applicants with criminal history (regulations.justia.com).
Includes rules on licensing documentation, E&O insurance, fingerprinting, duplicate firm names, military applicant provisions, and reinstatement of expired licenses (cookeschool.com).
2. Chapter 1260‑02 – Rules of Conduct
Defines professional behavior and ethical standards for licensees:
.01 Supervision of affiliate brokers
.02 Termination of affiliation
.03 Office requirements
.04 Telephone answering services
.05 Prohibition against using P.O. boxes as business addresses (cookeschool.com, lexisnexis.com).
.07 “Net price” listing disclosures
.08 Offers to Purchase: Licensees must promptly present all written offers until a contract is executed (law.cornell.edu, casetext.com).
.09 Managing Escrow/Trustee Accounts: Strict rules against commingling, timely remittance of trust funds (affiliates pay to principal immediately), use of interest-bearing accounts and interest tracking (tn.gov).
.10 Closing Statements: Closing agents must provide copies of closing documents to all parties (cookeschool.com).
.11 Personal interest, .12 Advertising, plus later additions on electronic records, teams, commissions, civil penalties, interpleader, septic letters, and broker absence (law.cornell.edu).
3. Chapter 1260‑03 – Rental Location Agents
Regulates rental listing agents, though specific sections not detailed in initial sources (regulations.justia.com).
4. Chapter 1260‑04 – Rules for Contested Case Hearings
Establishes hearing procedures for license-related disputes (regulations.justia.com).
5. Chapter 1260‑05 – Educational Requirements
Lays out pre-licensure, post-licensure, and continuing education rules .
6. Chapter 1260‑06 – Time-Share Programs
Governs licensing, disclosures, escrow, rescission rights for time-share operations (regulations.justia.com).
7. Chapter 1260‑07 – Vacation Lodging Services
Defines regulations for vacation rental services (regulations.justia.com).
🛠️ Key Highlights
Licensing eligibility: Criminal history impacts eligibility; waiting periods apply, but military certifications may override restrictions .
Escrow compliance: Principal brokers must maintain separate escrow accounts, avoid commingling, and disburse funds promptly; affiliates must remit trust funds immediately (tn.gov).
Advertising and ethics: Strict guidelines for advertising formats, team branding, offer handling, and disclosure of personal interest (law.cornell.edu).
🔗 Accessing the Full Texts
Official State Publication (HTML): Tennessee SOS – Chapter 1260 (publications.tnsosfiles.com).
PDF Versions:
Chapter 1260‑02 — Rules of Conduct (April 2021) (publications.tnsosfiles.com).
Chapter 1260‑05 — Education (Nov 2023 update) .
✅ Next Steps
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