Agency status and any change in it must be disclosed to the parties.
Before you read
Test yourself first: 5 questions
Question 1 of 5
Tennessee's brokerage law allows a single firm to represent both the buyer and the seller in the same transaction, with each party assigned a different agent in the firm so each receives full client-level representation. What is this Tennessee model called?
Answer: A. Tennessee uses designated agency, in which the principal broker appoints different affiliated licensees to represent the buyer and the seller. Each client gets full fiduciary-type representation from his or her designated agent, avoiding the conflicts of traditional dual agency.
Question 2 of 5
Which agency licenses and regulates real estate licensees in Tennessee?
Answer: A. The Tennessee Real Estate Commission (TREC) licenses and regulates real estate licensees in Tennessee. (Note: Texas also abbreviates its commission TREC.)
Question 3 of 5
Which agency is responsible for regulating real estate licensees and enforcing license law in Tennessee?
Answer: A. The Tennessee Real Estate Commission (TREC) is the state body that licenses and regulates real estate brokers and affiliate brokers and enforces the license law.
Question 4 of 5
Which agency is responsible for regulating real estate licensees in Tennessee?
Answer: A. Real estate licensing and practice in Tennessee is regulated by the Tennessee Real Estate Commission (TREC).
Question 5 of 5
Tennessee agency relationships operate under the:
Answer: A. The Tennessee Real Estate Broker License Act governs agency relationships in the state.
Keep the streak going with more questions like these, each with a full rationale.
Must-know rules
- Agency relationships are established under the Tennessee Broker License Act.
- DESIGNATED AGENCY is permitted: the managing broker may name different affiliate brokers to represent buyer and seller in the same transaction.
- A licensee acts as an agent (representing a client) or as a facilitator/transaction broker (assisting without representation).
- Agents owe their client core duties: loyalty, confidentiality, obedience, disclosure, reasonable care, and accounting.
- Designated agency keeps each client separately represented and helps avoid undisclosed dual agency.
- Agency status and any change in it must be disclosed to the parties.
- A facilitator helps the transaction along but does not advocate for either side as a client.
TN Agency Model Cheat Sheet: FAQs
Is TN Agency Model Cheat Sheet on the real estate exam?
Yes. State License Law is a scored domain on the Tennessee real estate licensing exam, and this topic appears in the state license-law portion.
Is this cheat sheet free?
Yes — every page on Cinna RE's resource library is free to read, print and share. The app adds practice questions, mock exams and a readiness score.
Does Tennessee test this differently?
Tennessee applies its own license law on top of the national portion. This page covers the Tennessee rules specifically, which is what the state section of your exam tests.
